Hey everyone - quick question for landlords managing properties without property managers:

How do you keep up with rent collection, late fees, lease expirations and renewals, maintenance requests and follow-ups, ...

I'm not integrated so I don't think it affects me.If it did affect me maybe Airbnb would actually get me some bookings! 

A part of this as an REI is ensuring you have crystal clear financials down to the property level, actually reviewing them regularly, and using them to make better decisions. 

Theysaid that our 2 year old roof needs replacing, our one year old HVACis improperly installed, and that our perfectly working septic systemalso needed to be replaced along with lots of other newer items.I guess they wanted to knock the price down $50,000 or maybe a lotmore. ....

If I had bought an expensive property and had to actually carry a real mortgage for a year and a half I would've been screwed.

I guess my first question to the community is how did you guys build your real estate investment business?

Quote from @Josh Young: @Sheguina Dravk I think it’s safe to assume the interest rate will be a little higher on a 50 year vs a 30 year mortgage, so I guess it just depends on your situation and what your goals are.

I've got some flats in west London which I self-manage (actually from where I live in Norway). 4 websites which I found were very helpful for learning more about UK property investment are:1. www.thepropertyhub.net (similar to Real Pockets but UK based and on a much smaller scale)2. www.propertytribes.com3. www.propertygeek.net4. www.thepropertyvoice.netHope you find these useful - I'm sure that you will.Have a great Christmas and New Year. 

My guess is that the IRR is going to show you well over 10%- maybe even 15% on that asset. 

Most people never actually buy the home, so they forfeit the down payment and move.