Hey Folks,I am looking for Rental property owners around Rochester, MN to ask some general questions about how to find tenants, banks to work with, realtors to work with and how to manage a rental property effectively.

I operate an STR management company here in Maine and am always analyzing properties through AirDNA and a couple other tools.

Once you have approximately 100 units, managing them becomes more convenient with a combination of in-house staff and external maintenance.

Hello BP community,  I self manage my properties and will be soon completing a full gutt renovation.

My partner works in finance and I have been managing high-profile construction projects for about a decade.

I'm conducting research for an MBA project and am trying to do a bottom-up analysis of the residential real estate, property management market and what percentage of that market is comprised of properties with out-of-state land lords.The very specific question I am looking to answer is how many landlords own rental properties out of state, and how much do those landlords pay to management companies annually?

If you have no experience managing 1 tenant adding three more into the mix isn't going to help.

Sanjeev Advani, a luminary in real estate, property management, and construction, brings forth a unique perspective on how to navigate the market for long-term success.

I would suggest following up with the PM and ask if they have proactively provided change of management details (essentially, letting the tenants know that new owner effective 03/29/2024 and were rents should be sent).

The other constraint, the seller is not interested in a 1031 exchange if it means owning/managing another property.So far, the only concept I can think of is something like a contingent title transfer upon closing.