Maybe you're:Creating custom valuation models or ARV calculatorsIdentifying Market Trends that others don't know aboutAutomating workflowsDeveloping property data aggregation systemsWorking with APIs (Public Data, Rentometer, Zestimate, BatchLeads, etc)Would love to connect and compare notes on implementation strategies, best practices for real estate-specific prompts, and creative use cases you've discovered in your local market.

Good morning folks,Wondering if there is a good practice or rule of thumb when it comes to small repairs requested by tenants.

For context, this isn’t the first administrative issue I’ve had with this PM, but it’s definitely the most costly one.I’d really appreciate any guidance from experienced investors or property managers on what’s considered standard practice and what the appropriate expectations should be.Thanks in advance!

You’re definitely doing the right thing by learning first before diving in.A couple of books I’d recommend are “Short-Term Rental, Long-Term Wealth” by Avery Carl , really helpful for understanding how to choose and run your first STR and “Optimize YOUR BnB” by Daniel Rusteen, which has tons of practical tips for setting up and improving your listing.If I could share one piece of advice, it would be to really dig into the local regulations and guest demand in your area early on.

Sadly, it is usually the new investors who spend $10K on complex asset protection structures but fail to take any of the practical steps you mentioned.

In practical terms, even if borrowing becomes cheaper, the underlying expenses tied to owning a home remain elevated.

While you continue to learn, start practicing by analyzing ARVs, rents, and market trends, and get familiar with the different Memphis neighborhoods so you fully understand what you’re buying when the time comes.

It’s a practical first step toward financial freedom — you become both a homeowner and an investor on the same day.Living in your own investment property allows you to learn property management firsthand while keeping your costs low.

However--check with your local and state practices on deposits.5. 

Run comps, estimate rehab costs, and practice deal screening so you understand what makes a flip actually profitable.