The IRS wants to see that you’re actively directing and managing the business — things like approving budgets, coordinating repairs, analyzing performance, and making operational decisions — not just reviewing reports or responding to occasional updates.So while it’s not impossible, it’s rarely achievable unless you’re very hands-on, even from a distance, and have solid time logs to back it up.If you’re interested, I can share a free REPS tracker that helps you record and organize your hours.

"Co-host" to be is vague - some co-hosts check in guests, bring extra towels, coordinate the onsite part, and some just do off site stuff like guest communications, etc. 

The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.

. 🏢 Management Add-On Fees: Late-fee splits, renewal fees, maintenance coordination charges — those small “extras” in your management contract can add hundreds per year. 🏠 Insurance Reality vs.

You’re right to focus on timing — it’s the single most critical factor in a successful 1031 exchange, especially when coordinating multiple properties with family.

It’s smart that you’re working with a professional who coordinates with an attorney; trying to handle it on your own can get messy and risky legally.

There are two stages/options of showing assistance software:1) Scheduling: for any landlord with 20+ doors or a PMC will find trying to coordinate scheduling showings with prospects is a HUGE time-suck.

They just coordinate and hire out (some have in house contractors or handymen).

It was never leased to a long term tenant. 2 of the 3 other units turned over during the year and were renovated for a total of ~$10k each, and placed back into service as LTR's.Time spent: I spent >100 hrs this year coordinating the purchase and renovation of the property as well as furnishing and preparing the STR unit to be placed into service (photos, online listings, etc).

., schedule showings, & handle applications.Tenant Screening: Perform background checks & qualify select tenants based on predefined criteria.Tenant Move-In: Finalize leasing agreements, confirm move-in dates, conduct inspections, & collect rent & deposits.Rent Collection: Handle rent payments, late notices, & enforce late fees.Evictions: File paperwork, represent the owner in court, & coordinate with law enforcement.Legal: Advise on disputes, refer to attorneys, & ensure compliance with relevant legislation.Inspections: Conduct regular property inspections & send owners reports.Financial Management: Make payments (mortgage, HOA, etc.), maintain records, provide tax reports, & offer cash-flow statements.Maintenance & Repairs: Oversee maintenance, hire contractors, & monitor repairs & larger projects.Tenant Move-Out: Inspect, report on damages, return deposits, clean the unit, & re-list the property.** PM's - let me know if I missed anything!