Hi Andrea, my wife and I own a Short Term Rental in West Michigan so I would be happy to answer any questions you have on how to analyze the property, what you should look for in a property and what questions to ask the county. 

Ends lease on July 2025.In December, tenant said there was an odor coming from garbage disposal.Tenant had tried their own DIY fixes for a month with no resolution. 

At lease renewal increase the rent $50 per month and then the same the following years until it is at market rate and more than likely the tenant will leave on their own and you will have still gotten the rent for that entire time until they moved out and built up your reserves for that property.

I personally owned a rental there for 7 years, but I just recently sold it.

Amount of my own money invested?

I own a single family home in Socal that my wife and i currently living in.

Confirm that the warranty applies to the type of property you own and consider whether the annual cost and service call fees make sense compared to just handling repairs yourself or using your own trusted contractors.

It’s an area filled with short-term rental properties owned by a mix of out-of-town hosts and locals, but I know the advice here can apply to hosts and managers across the country!

I also purchased a multi-parcel farm property in TN where the trust who owned the property was out of money and needed cash to continue. 

Average child owns 8% of partnershipd.