Control of rent collection is control of the asset.If I buy a portfolio, I always:Immediately notify tenants in writingRecord deed and provide proofOpen new payment channelsAudit ledgers independentlyTrust but verify does not apply.

In the basement, there are 8 climate controlled storage units.

However, my suggestion is to get consistent W2 income, consider house hacking as your first move and use your license strategically to save on commission and control deals.

I have managed several of my own rental properties and properties on I am partners on. However, I am starting full property management and now I need to be able send out a 1099 at the end of the year to the owners. I ...

I’m keeping my W-2 for now and getting licensed to control my deals, but I’m open to building a business.

Does anyone have any different takes or systems or experiences in terms of finding/hiring/operationlizing boots on the ground for a small unit count portfolio?   

At scale, that’s not a fee—it’s a tax.The unforgivable sin: no automation for fixed rulesMonthly maintenance fees are a fixed percentage… must be manually appliedThis is the kill shot.If a system can’t encode deterministic business rules, it’s not a management system—it’s a data entry UI.Learning curve fatigue (after 3 weeks!)

You give up early passivity, but in return you get control, diversification, and multiple ways to create value beyond just rent increases.

Assuming you build a great system, what are you plans to attract clients?

Plus add a simple follow-up system since 80% of deals come after the 5th touch.