I am a short term rental owner / operator and manage some properties for clients. 

Building a scalable real estate business requires developing a foundation that can grow efficiently without exponentially increasing operational costs.

The downside of this may be high turnover rates.The real estate agents and property managers operating in this zip code, may have more to say on this. 

•It’s important to know if you’ll have a dedicated manager or work with a team to ensure there’s clear communication at all times.These questions will give you a solid understanding of how they operate and if they’ll be a good fit for your portfolio.Best of luck lining up the right PM team!

If the property is fully leased and operating well, like your situation, the numbers might not make sense.A few questions to think about....Deferred maintenance or layout issues: If you already need significant updates, the conversion might be a good opportunity to reconfigure the space.

Our property manager mentioned that they cannot collect rental income for one property and divide it between multiple SSNs.Here’s their suggestion: "They are operating a business, and the IRS considers it a partnership.

I have flipped a few houses during covid and remote working times and was fortunate enough to grow up in a family of real estate investors and entrepreneurs which has provided me mentors and exposure to starting and operating a business.I am thinking of starting my own construction/development company in a few years time and wanted to hear some opinions from people who have done it who are outside of my circle.

This can yield high returns but comes with more complexity, like managing operations, employees, and industry-specific risks.

In the case of having several partners in the property, it also would outline an operating agreement and arrangement between the partners of who owns how much of the property. 

,I've been an owner/operator of a STR in Winhall for a little over 5 years.