@Kwanza Price tips for managing contractors:1.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

Having a great self-storage facility software for online management is key!!

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

The same question is analyzed every day by millions of businesses, investors, wealth managers, financial analysts, and corporate treasurers world wide.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

Lastly, there will be no management fees!

The living condition is terrible as the apartment is poorly maintained by tenant and poorly managed by landlord [seller].

Quote from @Joy Daniels: I manage short-term rentals in the Sarasota area, and I'm always looking for innovative ways to boost occupancy rates year-round.From your experience, what marketing strategies have had the biggest impact on keeping your properties booked?

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.