RepairsThen run for the hills.In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.Explore all markets but do your research, as to where net migration and jobs are heading.If these meet your investment criteria then start looking in person.Let me know if you have any questions.

If they have maintenance contracts (landscape, pest, etc.), you can request a copy of those.

Not gang infested but the neighborhood isn't really kept up.

Then, all owner expenses are itemized and deducted (taxes, insurance, utilities, management (off site only for less than 16 units), maintenance & Repairs, Gardening, refuse removal, pest control, reserves for replacement, etc.

This tends to keep any potential "pests" from messing with our property while it is vacant.

In my apartment building I evicted a filthy resident that was infesting the entire building with rodents and odor.

I'm afraid my first thought was "oh, why not just hang a raw steak around your neck and wander through a wolf-infested forest at night?".

Chipped paint, and a multitude of other tenant caused issues (unsanitary conditions, pests, torn screens, etc.) will get your rent abated.

My tenant informed me that a raccoon got in to the roof last summer and he now has bug infestation.

.), $2.1K of travel (flights & rental cars), $2.3K in software subscriptions (PMS, etc.) and $300 in mealsManagement Fees ($1.7K) - PM fees, booking platform fees, etc.Cleaning Fees ($6.2K) - pass-through charge for guestRepairs & Maintenance ($10.5K) - General R&M ($1.5K), Painting ($1.2K), Plumbing ($1.5K), Pest Control ($500), R&M Supplies ($500), Labor ($3.5K), Linens, Soaps, Consumables ($1.5K)Legal & Professional ($1.5K) - LLC setup & lawyer fees ($350), inspections ($1.1K)Utilities ($6.4K) - Gas (avg. $63/mo.), Electric (avg. $121/mo.), Internet (avg. $60/mo.), Water & Sewer (avg. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.