All Forum Posts by: Nick Fontana

@Deron Fulton Hi Deron thanks for the advice. Yes so for the short term rental I hired a property manager just so I could be hands off & have them handle everything. If I do get it rented long term I don't think I would need a property manager, right? Since now I believe they take about 30% of revenue from the property which seems kinda high to me but I don't know how much they usually take to manage properties.

@Ghassan Jabali Hi Ghassan. Thank you for replying. So as I continue to add more properties to my portfolio should I get LLCs for all of them individually?

Hi everyone, I wanted to reach out because I am 25 years old and finally got my first real estate property in 2023. I'm very grateful to have completely saved up money myself to afford my house with no assistance. I had initially planned on using Airbnb to earn income but it's been very slow and hasn't got many booking so I think I'm going to turn it into a long term rental. Does anyone have any advice so I don't make any mistakes with my first potential tenants that move in? Right now I'm covering all the expenses for the property so if I have a renter it would help cover the mortgage and expenses. If anyone has any advice for long term rentals & using this first property to turn it into more properties or even a multi family home I would really appreciate it!