In Texas, landlords can impose a maximum security deposit, which is normally equal to one month's rent.

For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

This will ease affordability and normalize home prices.5.)

If you went to a car dealership to look at cars, would you want a salesman trying to push you into buying by offering you 3 options? 

I purchased an SFR in Sacramento, it's currently a studio over a 3 car garage.  

Normally when you hear cap rates this high the expenses are not calculated correctly or certain expenses are omitted (no vacancy loss, no management fee, light on repairs etc). 

I didn't owe anything, but I had sold my car to someone who racked up several thousand in parking fines and then promptly disappeared so they tried to flip the charges back on me as I was the only one left with money to collect.I called an attorney who sent them a cease and desist letter along with a warning that they would be liable for substantial damages if they ever contacted me again (and we would sue if they did).

For the most part, if your running real estate somewhate properly, the risk isnt your property causing you to get sued....Think of it as you are hopefully protecting you property from yourself in the event a motorist sues you over a car accident, you dont want them getting access to your real estate assets. 

I have never dealt with Section 8 in my normal course of business.

My client has video cameras around the property so we are aware when there are many more cars or guests than expected.