Hey @Mike Allen, I use the Schlage Encode Smart Wifi Deadbolts at my STR - one for the front porch door into the property (it's a duplex), a second for the main entry door into the upstairs unit itself, and then one on the supply closet in the unit for our cleaning team.I don't have any third party management software in place at the moment, and therefore can't speak to the integrations at this point in time.  

$5200 for a whole new electrical panel, outside meter, new supply line to the pole isn't out of line at all with the inclusion of the potential can of worms they could open up with the galvanized water line repair. 

After rent, utilities, and supplies are paid for, I average approximately $1,150 per month in cashflow.

Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Kendall Garrison, CEO of Amplify Credit Union, recently said, “The good news is that we are moving toward a more sustainable level of inventory, which will provide price stability for sellers and more choices for buyers.

Is anyone using a good inventory management system to track supplies in your STR?  

pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

That well has supplied water to my new property for 40+ years.

So logic dictates that eventually demand will exceed supply in greater numbers within the next few years and we might start seeing higher rent growth/appreciation again.However, I don't know that it means you should lose money every month in the hopes that eventually happen.

People see on the TV shows how easy it looks to jump into real estate.

Demand outpaces supply in these areas.