Communication is key and you want people who are ready to make a deal work.

There can be a lot of details to this, and one can easily get lost in the details but pull-back and keep vision of the fundamentals as it really is rather simple. 

Most will immediately say yes and think its that simple.

It will pay for itself the first month2) Automate guest communication. 

I'd then be paying my heloc off at 1.75% simple interest rather than the original mortgage loan with 4% compounded interest.

That's a simple fix when needed.

We missed some simple things on inspections.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses. 

If you, as an investor, understand the side of compliance, communication, and maintenance, you can also appreciate why people pay to have property managed.