As hurricane season peaks and wildfire risks rise, ensure you're prepared:1.

And while travel is going to be expensive for any property, if you only have one in a market, the concept is the same with less rent: that $2,000 flight/hotel/rental car food for a one night visit, ties up a lot more of your gross when that gross is much lower. 

Has a better ring to it.You realize this is the cost for your ticket for the event, your room, all your food and drinks and activities on the resort right?

Food for thought.

If you use a PMS, look to see if you can set the preparation time in there or check and see if Airbnb/VRBO gives you that option as well.

However, when you have the right resources—whether that’s a mentor, a toolkit, or a community of fellow investors—you’ll gain the confidence you need to take action.Having access to reliable resources allows you to feel supported and prepared.

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.- I will have them provide a copy of their tenants insurance for my records. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Otherwise, is too hard to know for sure how much a property might cost to prepare for a STR.

Prepare for battle.Step 2.

This is a great learning lesson and I will be much more prepared/ educated to ensure this does not happen again.