Poor Management -  They are not keeping on top of things, not updating listings, not updating photos, not replacing poor pots & pans, and are not doing revenue management or looking at more ways to drive traffic to their properties.5. 

It's especially shocking when there are 4-5 hands in the pot and they all want 2 points each.

If you don’t cook, would  you spend money learning how to boil a pot of water on a stove?

Investors should try to expense to the max that tax code allows to shield income (hence the golden pot of accelerated depreciation). if investors incorrectly capitalize something that should be expensed, they essentially lose 1-2x the value of what they incorrectly capitalized.

PRIOR to having potential tenants fill out the RentSpree, I send a basic Google Doc with a handful of questions to be filled out prior to touring.

Protect against it.Bottom line: price it right, fill it fast, keep the income flowing.

.#2 Core Fill - Speaking of foundation, once you have about 8 courses of CMU or more, you'll need to core fill with concrete or mortar.

Hey BP fam,We always talk about management fees as a cost, but after seeing a lot of DIY portfolios, I’ve realized that self-managing is often the most expensive way to own real estate.The "savings" usually get leaked out in a few spots:The Vacancy Gap: A pro team can usually turn and fill a unit 2–3 weeks faster than a DIYer.

- If so, do I give them a W-9 to fill out before work starts?

.#2 Core Fill - Speaking of foundation, once you have about 8 courses of CMU or more, you'll need to core fill with concrete or mortar.