Hardest Lessons Learned from Short Term Rentals

[Wendy Schultz]

What have been your hardest lessons learned in short term rentals? I'd be curious to hear the experiences that others have had. I'd say my hardest lesson learned is overestimating how quickly a new property will reach my revenue goals. I haven't allowed for much of a ramp up period and as a result, haven't budgeted the funds to cover the expenses in the beginning. I'm getting much smarter now though. How about you?