This demographic is projected to keep increasing over time, so I would do whatever you can to hold onto this property (ie cash flow well).Furnishing 700 sqft with PB or West Elm (you and my wife would get along great, Bonnie) won't be price-prohibitive and well worth the cost.

Quote from @Bonnie Low: 20% is about average for a short term rental as far as management fees go.

Quote from @Aaron Zimmerman: Quote from @Bonnie Low: My current CPA came via recommendation from another investor.

Quote from @Evan Ross: One of the most common mistakes I see with amateur landlords: attempting to build goodwill with their tenants.

Quote from @Omar Samaniego: Quote from @Bonnie Low: I've used Avail in the past, but switched to Baselane last year.

Hi Bonnie, thank you for your input.

Quote from @Mackay Oakey: Quote from @Bonnie Low: We just had a roundtable discussion on this very topic in THE MTR Connect today.

Quote from @Bonnie Low: I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

@Mark Ross  don't include heat in rent on an ongoing basis. 

@Bonnie Griffin Kaake all of those will be on the table and be rigorously discussed as we chart our way forward.