These updates modernized the property, improved its curb appeal, and increased its market value.

.- Legal and Regulatory Knowledge: Property management companies stay updated on local landlord-tenant laws and regulations, ensuring that all aspects of property management, including tenant screening, are conducted in compliance with legal requirements.In conclusion, tenant screening is a cornerstone of successful property management, contributing to tenant satisfaction, property upkeep, and financial stability for property owners.

Stay updated on local STR regulations by checking city websites or consulting with real estate attorneys.By carefully selecting the right location and property, you can create a successful STR investment that also serves as a personal getaway.

The data aggregators get their data from local assessors so the risk is that the assessor is not updating their information timely. - MLS data - This is challenging to get now that the MLS has cracked down on offering it to non-MLS platforms.

It's huge and it wipes out my cash flow to the point where I am barely CF positive.Note: I ended up not accounting for siding costs since the siding is newish and most likely I will have sold the property or have retired by the time it needs updating.

Good morning everyone,Just wanted to update everyone that I just closed on my first real estate deal in Columbus, OH.

Sometimes owners are unable to fix or update these issues prior to close.

It has a brand new HVAC system, updated 200amp electrical panel and all new wiring throughout.

These updates modernized the property, improved its curb appeal, and significantly increased its market value.

Additionally, joining local real estate investor groups or forums can be valuable, as members often share updates on regulatory changes and best practices.To automate and make the process more efficient, consider using tools like AirDNA or Mashvisor, which provide data on short-term rental regulations and market trends across different locations.