😅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... 

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

Other than being sued by buyer, what happens if an agent forgets to include in an offer that the buyer is selling a home and the proceeds will be used to pay for purchase. However the buyer who is selling another prop...

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.

@Stacey OlsonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.