This is my first month collecting rent and they are all on month to month leases.

:- management fee (5% of collected rent but with 18 units it could be 10%.

Cash on Cash ratio with some standard assumptionsBased on collected data, my rankings are:OH (Cleveland, Columbus, maybe Cincinnati): affordable, good population and economic growth, 16-20% rent to value ratioNC (Durham, Raleigh and Charlotte): less affordable but high population and economic growth, stable median home values and decent rent to value ratioGA (Atlanta): this is right in between OH and NC.

They just sit back and collect money, and you take care of the property.

But if you're using a dreaded third-party supplier, they'll do collection runs differently and likely more frequently, with the risk of them skimming coins for themselves.With that said, would there be interest in a shared-laundry management tool to aid in collections, usage monitoring, and maintenance tracking?

Hope this helps, but the vacant lists have not been as good for us out here in California compared to actually driving the neighborhoods collecting highly distressed vacants and reaching out to those owners.

So since you will be collecting more rent income, the amount of money set aside for maintenance and repairs will be greater as well.It never hurts to set aside more though, build up a bit of a cushion!

But none of them wanted to be responsible as that person to collect the rent and pay the landlord.

And as you proceed more and more, you collect all these "solved issues" and that will define your knowledge.Now remember what I said: just focus on the first step?

I'm never comfortable depending on insurance alone, as I know they are in the business of collecting premiums and denying claims.