Purchase price: $950,000 Cash invested: $1,050,000 We've syndicated the purchase of multiple single family homes, remodeled them and made them into "fun-houses".

You can also do both and dedicate some capital to multiple strategies.

In 11 years hosting multiple properties, is does not happen often, but it still happens, so we look at how we can prevent it. 

You can use a channel manager like Hospitable to help manage the listing on multiple platforms - primarily you can protect against double bookings, but there are many other nuances to each platform that the program does not touch.

Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.

In addition to looking at their reviews, see who wins the SEO war if there are multiple PMs with direct booking sites.Google the lake name + cabin or rental house and see who pops to the top.One other question I like is "What makes you different?"

I don't advertise on Craigslist and FB marketplace-I rely on word of mouth  so people know before they come to my house they WILL be tested multiple times a week and WILL have to go to AA meetings, do their chores and be a TEAM player with the rest of the house. 

.$38k Investment I 12% Annual Priority Return I 25.7% IRR I 2.9x Multiple I Hold Time 5-7 years

With that same down payment amount I could buy multiple multifamilies in an area that actually cash flows and keep living where I want to live. 

Here's a few things you might want to consider:Open Family Discussion: Since there are multiple heirs and not all are on great terms, it’s important to have an open conversation with everyone involved.