Managing a rental property can be challenging, especially if it’s your first experience.

Why not sell it and try again at the new location?

Hey Matt,I’ve been investing and managing properties for over 20 years, and choosing the right market is key—especially as a new investor.

After 30+ years of property management, I'd say get used to it sucks. 

The townhouse is located in Aspen’s sought-after lodging district, where STRs are fully permitted.

I agree with your approach in aiming for better locations, seems that texas (dallas /FT worth) fits the bill.

Quote from @Kevin Brown: Hi,We own and manage two AirBnb's. 

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

Try interviewing at least three managers.1.

Your designer says we would like to have a copy of the floorplans with the wall heights, window locations, plumbing and electrical.