Another approach I use is to have the GC handle only what’s required, then subcontract out the remaining work myself.

For learning, Landlording on AutoPilot by Mike Butler and The Book on Managing Rental Properties by Brandon and Heather Turner are both great resources for handling the day-to-day side of being a landlord.

Ask specific questions...how do they handle it when...how are they for same day turnovers...how reliable are they on a scale of 1-10?

I partner with a management company that handles bookings and reimburses damages with proof and receipts.I want to maximize tax deductions and explore the possibility of reporting this income as active income (vs. passive) to access potential tax breaks.I’m considering opening a cleaning or property management LLC to support my STR business.

Operators will often sign long-term agreements and handle all the oversight.If you want to explore that side, VSL helps property owners place leases with reputable operators and make sure the homes are set up right.

You're handling this well for a difficult first experience—don’t let it discourage you from continuing to grow in real estate.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

I’ve got a single-family rental in California rented to a small group. The “core” tenants have been there since 2022 and have never missed rent. One roommate has basically disappeared. The others are still paying in f...

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

This might involve securing financing, perhaps with a family loan or through a traditional mortgage lender, depending on your financial situation and the terms you both agree on.If either of these options sounds viable, it would be beneficial to engage a real estate attorney to guide you through the legal processes, ensuring everything is handled smoothly and in compliance with local laws.In the meantime, keep learning and networking!

I’ve been noticing an interesting shift when working with brokers on larger multifamily deals. Some seem focused purely on volume, while others are really leaning into being long-term partners in capital stack and dea...