Since we are finally down here I would love to connect with all practices in this community.

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

However, the short-term rental market comes with added complexities like managing turnover, dealing with seasonality, and ensuring you comply with local regulations.

And the fact that I've known this wholesaler for quite sometime outside of the business aspect still has me believe there were no fraudulent or misleading practices done here.

Nashville, IN is known to have rental restrictions on STRs in the area, so I would double check the regulations.

Training Programs: Establish ongoing training and development for staff to ensure they are up to date on industry trends and operational best practices.

But the practical impact is questionable.

@Jared Pinkus what are you seeing as too stringent regulations for STVRs in Dells?

So I live in CA and the laws and regulation here can be crazy.

It's crucial to understand and follow local laws regarding deposits, documentation, and timelines.A local property manager I knew had a lot of questionable and shady practices, but the one that ultimately led to his downfall was poorly documented and unjustified security deposit reconciliations.