Showing effort can go a long way.Avoid threats or pressure – Since legal occupancy may be in question, trying to enforce rent without correcting violations could backfire, especially if the tenant escalates the issue to local authorities.Seek legal advice before proceeding – You’ll want to avoid taking action that could violate housing laws or tenant protections in your area.Getting the CFO should be a top priority, and once it's resolved, it’ll put you in a much stronger position moving forward.Hope this helps, and best of luck navigating it.

The company I'm talking to now has this structure in lieu of a standard % of the rental income:monthly retainer $250 for priority response/availabilityturnover inspection $180/turnovermaintenance labor rate $85materials billed at cost +20%sub coordination cost + 20%Anyone with experience both ways and have a preference to either structure? 

While local deals are a top priority, I'm also open to opportunities in Jacksonville, Florida, given the promise of strong returns and growth potential.I'm actively building my skills and knowledge in fix-and-flip investments, value-add projects, and creative financing strategies.

A lot of advice I've gotten is that a CPA isn't strictly necessary when starting out, but there are a few reasons I want to make it a priority. -- We do already have one property in service (our old primary residence) and there's still time in 2025 to maximize deductions against its income.

KW doesn’t.A few reasons it works well for new agents:Top-tier training (real business building, not “good luck, kid”)Investor-friendly environmentMassive national network for referrals and collaborationCulture that isn’t cutthroatTeam-building models if you want to grow beyond being a solo agentCoaching and systems that shorten the learning curveIf your priority is cheap splits and “being left alone,” go to a discount shop.If your priority is actually learning to be a skilled, profitable agent—and potentially building an investor-agent business—KW is one of the few brokerages built for that.Happy to answer questions or point you in the right direction if you want more detail.

PROBLEM:Year 2014- The 2nd lien Note  was never paid and the lender did not take any actions to enforce their rights for many years.The Wells Fargo 1st lien eventually PAID OFF IN FULL (thereby sliding the non collected 2nd Mortgage lien into a PRIORITY lien Position)in 2014 the property was purchased and was transferred again.

I would like to start building my team now, and connect with a real estate agent and other professionals that will have my best interests as priority.

Key: get the seller to agree in writing to subordinate, verify your lender’s lien priority, and build a draw schedule that covers carrying costs and contingency. for a novice first time builder while this is technically possible in reality it will never happen unless the seller has no clue and the lender is more clueless.. or if the lender is a relative. 

I’m not actively seeking investment properties for myself right now; my priority is delivering outstanding service to clients while I continue to learn and grow in the industry.I would greatly appreciate any tips, lessons learned, or “new-manager mistakes to avoid” from seasoned property managers and investors in the group.

@Andrew Foster some decent advice here, but also some feedback from those who really don't have enough info to support their perspective.Many DIY investors price repairs on materials only and forget about labor as they do their own work.We're a PMC in Metro Detroit, but here's how our process would work:1) MoveOut Video & Pics used to create Scope Of Work (SOW)2) SOW broken down into Priority Categories:- Health & Safety- Government Required (municipality/S8 inspection requirements)- Property Preservation- Marketing Impact / Tenant Retention- Miscellaneous3) Bids obtained if we feel work will exceed Owner Approval Threshold4) Bid sent & discussed with owner to, "redline to their budget"5) Work begins once owner approves & funds6) Completion video/pics providedOf course, while this is going on our Marketing Dept would be doing a rental analysis & ad, and discussing with owner.