Many insurers have left the state so it is important to be able to get the correct STR insurance.Start calling around and get some bids and ideas on cost and fit it into your budget before you start offering on properties.

Do I think the fire dept could have communicated more clearly upfront, maybe, but they did mail out to all registered owners the standards. 

The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

Asking in the correct forum will get a better response.Read the RULES!

@Kyle KlineMy Take on Cash Flow: - Cash Flow is a hedge against corrections.

This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.

Thanks Mia - you are correct. 

They are communicating with the Asset Manager and the Field Service Manager. 

My only complaint is communication, it can be difficult to get answers from office staff.

Correct me if I am wrong, please!