It's essential to familiarize yourself with the local landlord-tenant laws and work with a reputable property management company to ensure smooth operations.Short-Term Rental Laws: Philadelphia has regulations on short-term rentals, but it is still possible to operate Airbnb and similar platforms within the legal framework.

I’m looking to buy my first rental property soon and I’m not sure if I should get a hands on self managed property in Denver metro or a more affordable market out of state. 

Why every renter hates living in big multifamilies and dealing with bullying property managers with no skin in the game.

A little bit about myself: I'm a newer investor, bought my first rental in Feb 2022 in the Loma Linda/ Redlands, CA area that I currently manage while working a full-time job in the medical field. 

I currently own and manage 3 duplexes near Indiana State.

Unless you are living in the area where the rental is, managing it remotely is not a good idea. 

(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

The current model doesn't allow for proper compensation for a management company, therefore they give you a lackluster service.

The expertise and experience our brokers , property management team , lending, and acquisitions have is next to none.

I have a couple years of experience in managing 40ish short term rentals remotely & on-site, so I believe I could use a management incentive to lower my buy in.Thank you!