From watching the market and myself investing in Bryan/College Station, people are still renting out these properties nicely.They can be leased as a whole or rented by the room and are usually in great areas, close to the university, grocery stores, and restaurants.

Most hosts have a closet where they store extra supplies, so yes it's very important o have a locked supply closet.Hope this helps!

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

So it's been a while, and I'm beginning to get a pretty clear picture of total costs, as well as projected room rates and expected income, so I thought now would be a good time to start throwing some numbers out.The total cost paid out of pocket to Homeroom, after the purchase of the house, will be around $24,818That includes about $8,480 for various purchases including furniture, appliances, kitchen stuff - dishes etc , smart locks and thermostats.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Each unused lock/deadbolt gets stored in a freezer bag with date and unit the lock was last used on -- so we do not inadvertently place the same lock on the same unit.   

Plus the 20%-30% more in gross revenue just goes towards utilities, furniture, etc.

Hand them out to your cashier at the grocery store.

They'll typically leave behind mattresses, couches, broken furniture, rotten food, etc.

Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.