For maintenance requests, a handyman can be provided a temporary code, perform the repair, and leave without needing the door opened for them.This is also a common strategy with short term rentals (i.e.

It was nothing but congealed FAT, coffee grinds & eggshells all in a 15ft 1-1/2 inch lateral. 

This is a common calculation investors use, but should not be the only one taken into consideration. 

If you’re not in the area often then yes, long term rentals may provide more stability for you.Either way, I do recommend that you buy based on reasonable long-term rent #s, not AirBNB #s, since you may not be able to do AirBNB if you’re not actively living in the property.As far as $2500-$3000 per month, if you mean gross rents then yes I think that’s do-able if you have decent-sized and -condition units and especially if you have 3 units with at least 2 beds per unit.Management fees are usually a percentage of collected rents, which is probably also true in NYC. 10% is “common” but some property managers may charge more or less depending on what services they offer, how many units they’d be managing for you (think quantity discount) and what you can negotiate.

Nick Myerhoff - agentConventus - LenderOpus Bank - refiI started a Bay Area Apartment Mastermind Group to answer some of the commonly asked questions + like minded folkshttps://www.facebook.com/groups/learningapartments

Airbnb conveniently and commonly tells guests to take the fees and nightly rates up with the hosts and that the hosts has the money and to repay them directly.

While my husband and I were looking for houses to purchase last year, most of the issues were common with the fixer/turnkey homes that were older. 

i agree with robert not all landlords are alike.but one thing we all have in common we bought are buildings on tenants paying rent.if does not matter if one unit or 1000.we all counted on that tenant paying rent.so do wantever helps you do it in collecting rent.i have found now will most tenants i will talked to most have their april rents ,and will probably have may rent will stimulas check.so start building up a cash reserve,put all major  remodeling  on hold.just fix what you must.your job now is to babysit your tenants ,try to get them to realize them stimulas check has to last along with those unemployment checks.i know none of you have signed up for this,but you have to adapt,or you will be one of the landlords that will go out of business.i seen many in 2008 ,that will stubborn in their ways and it hurt them.i was one for a liitle while then too.but you will learn without threat of eviction certain tenants our going to think they do not have to pay.your best chance is tell them work with you now to evoid eviction later.some will work out,and some not.but that is just like when you pick a tenant,you really do not know to 3 months later,if you got lucky and picked a great tenant.

There's a common misconception that cap rates move up so prices move down, or cap rates move down so prices move up. 

I'm not advocating throwing people out during this situation, and think that regulation goes to the lowest common denominator.