If managed well, it can be a reliable way to build cash flow—just do your research on the local demand and regulations.

10% is probably a little steep, and like John said, a flat fee may be more reasonable.Setting up a proper STR is not cheap, but once you are set up properly, you deal with routine breakage.I recommend managing yourself and saving the 20% personally, getting a rockstar cleaning team and a reliable handy person, using something like Hospitable that can help automate messaging when listing, and reading the book from the bookstore here called Short-Term Rental, Long-Term Wealth.

I have a buddy that's very successful in D Class areas.He drives around all day putting out fires, getting in literal fist fights from time to time, throwing people out of their apartments or changing locks when they leave, constantly breaking the law because they are "civil matters" and he knows the tenants won't come after him, and shaking folks down for late rent.I'm sure folks in A Class areas are doing the same, right?

In the past, we have offered “lock-in” rental rates for renewing six months in advance.

I attempted to log into the Avail account to review the application only to find that the account was locked.

I’d love to hear more about your go-to strategies there.And I couldn’t agree more about LTRs being reliable, especially in a college town like Waco.

For sure — I’m trying to determine if I’m making a bad move tax wise, or if I should somehow leverage the equity locked into the rental, which seems challenging with the low interest rate of the mortgage.

Hi Greg, may I ask what lock system you use for your rooming house?

Does HomeVestors buy the property from the seller outright or do they just lock up the property while they look for an end buyer, leaving them the option to back out of the deal if they don't find a buyer?

Find a reliable cleaner and handyman with STR experience and references.