Additionally, Mezzanine Debt may sometimes allow for a second lien recording, providing an extra layer of security.On the other hand, Preferred Equity generally does not carry a maturity date like debt instruments.

In the contract, state that if usage exceeds 120% of the average, the guest will be responsible for the extra cost.

Pay extra attention to the last paragraph, rev on a first year listing will be lower, it will get better. 

People like that extra space.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

He told me that he had found it much more useful to save the extra money for repairs, emergencies, or future investment.

My view is that the extra income from STRs/MTRs basically compensates for the extra effort.  

Buyers if you want an extra advantage over other buyers call your favorite Mortgage Banker and ask for a "Fully Underwritten" approval not just a Pre-approval.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

You can get yourself a nice ten dollar sandwich if you get in your car and drive across town to your favorite deli, or post mates can bring it to your door for an extra five and you dont have to get out of your pajamas.