I think that we over-complicate real estate.

Trying to convert a garage that the tenants are using can be complicated. 

After 10 years of hosting, I don't spend much time each month on my 4 STRs, but newbies who like to watch their cameras, obsess about a lot of (often unnecessary) details, and pile on a bunch of tech (channel managers, dynamic pricing tools, etc.) all at once will spend MUCH more in time, and that's worth something for sure.

While I am very excited about this purchase, there are some complications.

There are other cheaper and free tools which may be a little more complicated

I am ok with it as long as I can definitely get my parcel back without excessive cost or complication.

For my small size it seemed unnecessary and I didn't see the benefit in the small companies for a small time guy like myself.What I do is I can collect rent through Venmo (free), I have a tennant application embedded into my website (cognito forms...also free) I screen tennants through mysmartmove.com (Transunion's company gives you credit report, background, criminal, eviction etc. and tennant pays for the screening so also free.) 

The only problem was that I couldn't buy it in my own name (a complicated story, but there was no way for the underwriter to write for the property to be put in my name as the buyer) so i created an LLC with my father and I as managing members and got the funding for it through a hard money lender.

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

It's a little complicated to write out so I would like to schedule a call to be able to explain my situation.