I've fired two PM's before starting my own, and no lie, fired over 100 contractors easily before getting a system down that works and controlling the process, not letting any contractors tell me the price or timeline.

A few tips for getting started:Start with turnkey long-term rentals (LTRs):These properties are often already leased and cash-flowing, so you can generate income immediately.They require less hands-on management than flipping or short-term rentals, which is perfect if your schedule is busy.They’re a great way to learn the ropes without being overwhelmed.Focus on markets with strong cash flow:Out-of-state markets in the Midwest and Southeast tend to have lower purchase prices and higher rental yields compared to high-cost areas.This allows you to scale faster while keeping your risk manageable.Build a team early:Partner with a property manager, property source provider, and maybe a contractor for ongoing maintenance.Even if you’re investing remotely, a solid team makes everything easier and protects your time.Learn and grow gradually:Start with one property to get hands-on experience.Once comfortable, you can scale, consider small multi families, or explore STRs if that interests you later.Investing doesn’t have to be overwhelming - start small, use turnkey options to simplify cash flow, and build confidence along the way.Always happy to chat more about what's worked for other investors.

They can stop showings by:- Being very negative during showings- Leaving a minor alone in the home- Leaving a large dog in the home- Threatening physical violenceYes, you can start eviction process over these, but the tenant will have moved out before any progress on the case!

Most bank foreclusures cannot be offerred for sale until the legal process and title work is complete, at which point they get listed with a real estate broker by the bank. 

It was a process of trial and error, and with each investment, my knowledge and expertise grew.One of the crucial lessons I learned was to develop confidence in underwriting deals.

If you’re planning to work as a General Contractor in New York City, understanding the NYC Department of Buildings (DOB) Tracking Number process is essential.

Hi all, I am using RentRedi for tenant screenings and receive this message for the criminal report for all my applicants: A criminal search cannot be completed for your applicant because certain local regulations necessitate the implementation of a 2-phase screening process and confirmation of implementing a 2-phase screening process has not been provided.I am in Cook County, IL and it recently became law that credit and other screenings have to be reviewed and accepted first before a criminal report can be viewed.

We have a streamlined process through which our PMLs are onboarded onto our Investor Portal.

@John Morgan I have 2 group homes and in the process of opening 2 more.

For investors managing multiple properties, what’s one process you think could be streamlined without losing that human touch or personal connection?