There is NO SUCH THING as guarantee, assured, profits year after year consistently free of any potential of loss. 

In addition, modest increases that take cost of living and other indicators into consideration is a reasonable way to assure longevity among tenants.  

I assume that is to assure them that you live in the rental.HOA's that ban STRs trump the law if it is allowed in a particular area.

However the tenant was constantly late with rent, the lease was written so that the PM kept all late fees (thus incentivising late payments), and after being assured that this was a good tenant on renewal, 6 months later I was handed a $3500 repair bill for the initial tenant turn.

However the tenant was constantly late with rent, the lease was written so that the PM kept all late fees (thus incentivising late payments), and after being assured that this was a good tenant on renewal, 6 months later I was handed a $3500 repair bill for the initial tenant turn.

However the tenant was constantly late with rent, the lease was written so that the PM kept all late fees (thus incentivising late payments), and after being assured that this was a good tenant on renewal, 6 months later I was handed a $3500 repair bill for the initial tenant turn.

House was a dump but they assured me that it had great potential.

However the tenant was constantly late with rent, the lease was written so that the PM kept all late fees (thus incentivising late payments), and after being assured that this was a good tenant on renewal, 6 months later I was handed a $3500 repair bill for the initial tenant turn.

Long story short, I had my first closing where I would transfer funds from their business checking account to my attorney's escrow account, so I called AmEx the night before to ensure everything was ready to go, which they assured me it was.

This not only eliminates dependency on third-party property managers, but also provides greater control over operations and assures continuous quality management.While the best threshold for in-house management is between 80 and 100 units, I recommend that investors focus on properties within this range for effective operations.