Based on the excessive amount of hours spent and the lack of prior authorization as agreed upon and taking into account our prior communications regarding minimum acceptable owner distributions, I must insist at least the labor portion of the repairs be refunded.

I am also considering multiple rentals and it appears that I have found a pretty good property manager based on feedback I have. 

@Federico DalloI'm an investor based in Canada, which is a market quite similar to that of the US.

For those with coverage, whether an occurance of it is covered would be based on how it occured and did/should you have knowledge about the potential for mold.

Look for a mid-sized PM company with a strong local presence.

I wouldn’t purchase a STR property anywhere it wouldn’t work as a MTR or LTR unless its local economy is based on STR.

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

I own a single-family home right outside the USMC Camp Pendleton base, and I’m looking to explore the mid-term rental niche.

We determined the ARV, estimated our rehab, decided on our required profit, and then negotiated on the purchase price based on that data.

Set a reasonable salary for yourself (based on market standards) to ensure a stable income.