Property Manager – Day-to-Day OperationsHandles the operational nuts and bolts:Leasing and rent collectionTenant communication and screeningRepairs and maintenanceEvictions, legal noticesCompliance and inspectionsMonthly rent and expense reportingGoal: Keep the property occupied, compliant, and functioning smoothly.Asset Manager – Long-Term Financial StrategyFocused on increasing value and return over time:Setting investment targets (IRR, cash-on-cash, etc.)Market analysis and performance benchmarkingPlanning renovations/capital improvementsAdvising on refinance, 1031 exchanges, exit strategiesTax planning and portfolio diversificationGoal: Maximize ROI, equity growth, and long-term performance.In short:A property manager preserves an asset.An asset manager grows it.As property managers, many of us are already doing more than traditional “management” work—especially for investor clients who look to us for guidance.So here are a few questions I’d love to hear your thoughts on:Do you market your PM services as “asset management”?

Not in that market but the non traditional student you are talking about I'm sure is an interesting niche. 

You can sell the property to him traditionally but have him sign a lease that is just for your file.

I went through a similar process and found that traditional banks weren’t always flexible or clear when it came to multiple accounts under one umbrella.I ended up going with Baselane, which is a banking platform built for landlords.

3️⃣ Management Model:Ideally I'd furnish the units, rent by the room, month-to-month or flexible leases.Tenants would mostly be airline crew who rotate in/out, but I'd also consider travel nurses or corporate crashpad style if needed.Property would be owner-occupied for FHA loan purposes to start.4️⃣ Cash Flow:Assuming a 4-unit at ~$700K purchase:Traditional rent: ~$6,000/month (mix of 1-3BR units)Rent-by-room / crashpad model: Could bump gross rents to ~$8K–$10K/month if fully optimized.After mortgage, taxes, insurance, and utilities — possibly $2K–$3K/month in cash flow, with higher upside if turnover stays low.5️⃣ How to Get It Done:FHA 3.5% down to start.Conservative underwriting to ensure property works as a traditional rental first.Build out one unit as a crashpad while keeping others as standard rentals to test demand.Use fully furnished, automated systems (code locks, turnover cleaning, etc).Would love advice from:Anyone running crashpads in NJInvestors near EWR or other major airportsLandlords with experience navigating NJ’s DCA rulesCreative legal/operational workaroundsAm I thinking about this correctly?

It’s way cheaper than a traditional designer and cuts out a lot of the legwork.Another option is working with a decorator instead of a full designer.

Most traditional banks won’t move quickly or at all unless you're already an established, well-capitalized borrower with strong financials.We just received a term sheet from a small commercial lender, and here are a few key terms that illustrate what it takes to secure this type of facility:Minimum Tangible Net Worth: $2 millionRequired Liquidity: $400,000DSCR Covenant: 1.75x maintained at all timesInterest Rate: 1-month SOFR + 3.75%, with a floor of 7.5%Origination Fee: 1% of the line amount (in this case $200,000 on $20MM)Unused Line Fee: 1% annuallyExpense Deposit: $50,000 upfront, just to start diligenceAdvance Rates: Only up to 75% on performing notes with strict LTV guidelines (max 50% loan-to-value from the bank’s perspective)Banks want full transparency on the collateral, borrower, and servicing structure.

For example AOA had a short article in the email newsletter.However , the trash was well covered in local social media and traditional media.  

That said, if the property is habitable and your documents are all in order, its not impossible that you could get a portfolio loan from a more traditional lender that could provide the cash needed.

-based lending team to support real estate investors across the country with funding for their projects.Most of the people I connect with are flipping, doing BRRRs, or scaling rental portfolios, and I help them navigate funding options that are quick and flexible — especially when traditional financing doesn’t fit the timeline.I joined BiggerPockets to learn from experienced investors, build relationships, and be a helpful resource where I can.🔍 I’m curious — for those of you who’ve raised capital before, what was the hardest part: speed, approvals, structure, or something else?