There's HVAC servicing once a year on each unit.

I'm keen to connect with fellow STR owners in the area to gather insights on the ease of finding cleaning services and associated running costs.

The con is it is putting upward pressure on the cost of service.

I was in Honolulu last month and there was a foreclosure in the tower behind us and I went to check it out.. the Trustee service actually holds an open house..

The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.

Absolutely love your #1 My assumption is the OP will stay pay for an overly complex structure that adds limited value except to the pockets of the service provider

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

There was an offset, but it was just past the service box for the home (city responsibility) as we saw it.

Hello @Kenroy Bernard & Thank You for your service to our country.Great advice on here so far especially in respect to networking.

It seems if you are far away from this property then it might be a good idea to consider hiring the services of an experienced property manager who really could provide ongoing communication during the whole stay.