This will strengthen your documentation and will have basis if you are ever challenged by IRS.

You might want to think about building that into your cost of doing business when you are in areas with a more challenging population.

Challenges?

So, it's a constant challenge to understand what the maintenance issue is, so you understand what's really needed to properly fix it.

Lastly, while looking through the County Court Record I found a dismissed Eviction record filed this year Feb of 2024 on the prospect, the address listed on the record for the prospect (Defendant) is the current property they reside in but found another management company (RENU Property Management) as the plaintiff (this one was easier to look up as it operates nationally in several states).I usually have no problem with this as prospects usually reside in a known management company serviced in the area (Most are the typical corporate rental companies like First Key and Progress Residential, and some with the more known local management companies.).

Challenges?

You then realize raising capital from individuals you don’t know is equally as challenging because you don’t have a track record.

Each role has its own challenges and benefits.

Hey Everyone,I’m currently gathering feedback from STR hosts to better understand the challenges and opportunities you face when using short-term rental platforms.

Someone who can be helpful when I run up against challenges.