Our pain point used to be how to manage each aspect of STR. 

You also need to factor in other expenses like repairs & maintenance and capital expenses like replacing roofs and ACs, etc.  

Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.

Please just put a metal roof over it.

Experience and Knowledge:Experience: A little over a year owning my first rental.Expertise: Still learning about all aspects.

If there are roof issues, trees over hanging the roof, debris in the yard or whatever client's are getting non-renewal notices.The vast majority of insurance carriers are unprofitable or have just now started to return to profitability from several bad years.

It is shocking how much a roof costs.

think about your first 1 to 2 to 5 to 10 years of ownership of a property, and the difference between:-a 1-year old furnace under warranty, and a 35 year old furnace-a house with central air, and a house without-a house with a brand new roof, and a house with a 25 year old roof-a house with a knob and tube wiring, and a fully rewired housewhich is going to have more capex? 

My biggest CAPEX cost is either a roof or AC replacement.  

Outrageous considering we can re-roof and reside cabins by contractor without hitting a 10k deductible.