We do charge a pet fee, and it has helped with any extra costs a pet guest has incurred. 

Your PM fees for LTR will be more in the 10-12% range, while for STR it is more in the 25-30% range (and don't forget about GET/TAT). 

Paying an upfront fee for smaller subs seems like an interesting plot for a CONtractor mini-drama series

Do you have a setup fee?

Without major rent increases, multi-family property values tend to stay flat.

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps? 

Then mortgages get collateralized and sold to Fannie or Freddie so they can keep lending and make money from the original fees.

All of the metal for the metal roof, is imported as coils for the roof and flat metal for the beams/rafters and purloins. 

Quote from @Jamie Banks: Here's a few things I include in my MTR lease- Utility caps- Outline of the furniture that is included- Details regarding which utilities are included- Outline who is responsible for lawn care / snow removal- List of fees (admin fee, cleaning fee, etc) Hi Jamie!