The purchase process was smooth, the properties rented quickly, and the company had strong reviews and presented themselves as a professional team that handled everything.However, once the properties were under management, things slowly started to unravel.I began noticing frequent errors in the property management accounting.

One of the very frequent errors that occurs with manual systems or multiple list systems is the constant re-typing of Names and Addresses.

I am not a fan of chasing the price down to be sure! 

That’s why adjusters are already flagging risk of denial.On the CLUE side, even an inquiry or filed claim can show up, and multiple claims (or frequent inquiries) can impact premiums across your portfolio over time — not always immediately, but it becomes part of your loss history.Before filing, a couple of things are worth weighing:Do you have clear documentation isolating what damage came strictly from the sudden radiator leak vs. the gradual sewage issue?

For residential rentals, I go with 5-10% vacancy reserve, 10+% for repairs & maintenance, and 5%-10% for CapEx depending on the age and condition of the property (new construction = 5% | aged properties = 10%).The older the property, the more I lean toward cash reserves by door as well, because percentages can look fine on paper right up until it hits the fan.

DR isn't a fan of this because he failed miserably at it due to his impulsivity and lack of patience and discipline.

A ceiling fan, new blinds, etc.

My experience has been less than stellar and my real estate agent is also not a big fan.

(Between 5-12 years  currently if you don’t count 2 in 2024.) if thsi happened more frequently it would be by far the worst part. 

Furnished units mean:• Inventory lists• Damage disputes• Replacing couches and mattresses• More frequent refresh cyclesIt becomes closer to hospitality than traditional landlording.On refi strategy.Most lenders underwrite based on lease income, not whether the unit is furnished.