Smaller cities maybe be dependant upon one market segment or a limited number of large employers and they are unlikely to do well in times of economic distress.

Hello Alan,You can waste a lot of money and even alienate the tenant segment your property attracts.

I don't think too many families log in to AirBNB looking for a beach house or ski condo and end up booking a treehouse shaped like a giant caterpillar, although for some segment of the market I guess that could work. 

It lists 20 questions you need to ask a property management company broken down into there segments from learning about them and their experience, learning about their systems and how they operate and finally a few to help you make that final decision on if they are a good fit.https://www.biggerpockets.com/...Best of luck!

Probably getting harder to get the real picture as they've grown so much and segmented the divisions so much, but still an excellent and maybe the best source of information in the US. 

Today2008:90 months of inventory90% of homes in Las Vegas were underwater.The number of available jobs plummeted leaving a significant percentage without work.About all that was on the market were REO properties and short sales.Today:2.4 months of inventory and falling.Only a small percentage of Las Vegas properties purchased in 2022 or later are underwater.According to Monster and Glass Door, there are between 26,000 and 31,000 open jobs.The current number of distressed single-family homes (06/28/2023):Bank Owned (REO): 12Short Sale: 10Foreclosure Stated: 13I see no comparison between 2008 and today.What are we seeing in the property segment we target?

Or pay in agreed upon "draws" during the job as each segment of that job is completed.Please be careful.

who, what is your target market segment?  

Property managers should get ready to ride a growing build-to-rent wave.Unaffordable house prices and mortgage rates have pushed many would-be buyers into the rental market – particularly the single-family rental (SFR) segment.

That is assuming you hire 1 (or 2) people to do everything.I too am working towards complete automation, however, I am segmenting my business by setting up processes for the different functions.For example, I have hired a virtual assistant (from a site called odesk.com) to pull probate prospects from the court website, and look up to see if they own any property.