A good PM should be on top of this and not simply ride out the market shifts.Technology & Reporting: What tools do they use to monitor guest interactions, maintenance, and property performance?

Sharing access through co-hosting is a common approach that allows the PM to perform their duties while you maintain control over the listing and its reviews.

ON this site you mean?

See what’s around.Safety: Check out crime rates in the area using sites like NeighborhoodScout to ensure it's a safe spot.Check Out Local Reports:Market Reports: Read up on Florida market reports from local real estate groups.

@Daniel AlvarezI have using my spreadsheet to track performance for a few years now.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Biggest clauses are: who's responsible for what, what are the penalties if someone doesn't perform their duties (including forcing them out) and what happens if one party wants out and the others don't.BTW: your brother should do this with his new girlfriend BEFORE paying part of her mortgage!

I recommend focusing on getting a great investment property and disregarding Section 8 in that pursuit because any property can be a Section 8 property, but a lousy investment is lousy regardless of having a Section 8 tenant or not.Section 8 will perform a basic functional and safety inspection for your units after you have an agreement with a Section 8 tenant and your local housing authority.

And most of the damages a guest will do can be covered by these str booking sites insurance.Your budget will prevent you from buying homes in some of these big cities or vacatation areas with tons of str's. 

Also, with the shift toward focusing on cash flow, are there any specific markets or types of properties you’re seeing that perform well, despite the challenges?