I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

However, we are seeing far more activity in Nova Scotia for both investors and clients.

Some who are major players doing big stuff.

I went through the academy and had a great experience personally.Everything is constantly updated, community very active, and most importantly, they actually coach you 1:1 and help you make important decisions.Michael is a super transparent dude, shows us all of his numbers, and after an hour conversation with him, you can tell he’s actually an expert with STR’s.

It’s got a steady job market, especially with major companies like FedEx, Amazon, and international logistics hubs around here.

If you are having that much activity but cannot find the right tenant than you will want to lower the price just slightly to entice better tenants OR you can relax on your qualifications.

Hi River, Nothing major.

Again, they try to leverage the majority the landlord is getting, so they don't have to pay their portion.6) We get the most maintenance requests from S8 tenants.

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.