😅Maybe you trusted the wrong contractor, skipped an inspection, or blew the budget halfway through.What’s the one rehab mistake you’ll never make again?

Here are the top five mistakes I see most often — and how to avoid them:Skipping thorough tenant screeningA bad tenant can turn a great property into a headache.

Over the years, I’ve noticed something interesting working with investors:The biggest tax mistakes usually don’t come from shady strategies or bad CPAs…They come from poor recordkeeping and timing.Here’s what I mean A lot of investors don’t track which expenses are repairs (deduct now) and which are improvements (depreciate later).They toss all the receipts into a box or an app and hope it sorts itself out in March.Then when tax season hits, they realize half of those costs could’ve been handled differently — maybe deducted sooner or even structured better if they’d planned a few months ahead.The IRS doesn’t just care what you spent… it cares how you report it.

I’ve coached a lot of hosts transitioning from short-term to midterm rentals — and I keep seeing the same mistake over and over again.Most people treat midterm rentals like short-term stays with longer bookings.

Those decisions would not be a mistake... 

In our experience, the #1 mistake owners make is ASSUMING all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY.

@Jay KeWe’re a Property Management Company (PMC) in Metro Detroit ONLY, with 25+ years of experience, and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.

Mistakes happen, but your PM should own it and reimburse you and then work on repayment from the vendor for themselves. 

You can DM us for a one-on-one discussion if you think it will help:)Otherwise, here's our copy & paste advice:-----------------------------------------------------------------------------------------------------We’re a Property Management Company (PMC) in Metro Detroit ONLY, with 25+ years of experience, and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.

Mistakes are inevitable in real estate, whether it’s a missed repair in underwriting, a contractor who walks off with a deposit, or poorly executed work.