You can tweak the availability and minimum nights settings pretty easily too to adjust for who you're looking to market toAs for a property manager, I would check in local STR facebook groups to use current operator's experiences with certain companies as a way to vet them.

@Francisca MacThere are many ways you can adjust all the settings… but the short “as it comes setup out of the box” answer is that there is no charge to a tenant to make a payment using a routing number and account number to post a payment.If the tenant opts use a credit / debit  card, there is a convenience fee charged for the use of the card.  

When I sold my last home I bought a duplex which has been somewhat of an adjustment for my spouse who had never house hacked before.

College rentals are great, but more time intensive and usually better managed by more experienced landlords because college kids break more stuff and don't know how to work a lot of things.

(Especially during an intense work-out or something!)

For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Adjustable-Rate: If you plan to refinance, we can discuss fixed-rate and adjustable-rate mortgage options that suit your long-term goals.Cash-Out Refinance: Once the property appreciates, a cash-out refinance can provide funds for further investments or renovations.Living in the property initially helps you build equity faster.Your townhouse investment is a promising venture.

I have ordered Denise Evans book.I think I should also work to lower the taxes on any properties I obtain, not by rezoning but rather attempting to adjust the appraisal value. 

My loans don’t adjust until 27 and on.