Pm plans to collect from guest.  

These sites typically provide extensive catalogs of floor plans designed by professional architects and designers, offering customization options to suit different budgets and project requirements.

Do you have a good relationship with your parents and are you comfortable collecting rent from them, addressing maintenance requests for them and things like that? 

.- Tenant Relationship Management: Property management companies act as intermediaries between landlords and tenants, handling rent collection, lease enforcement, and tenant communications professionally and diplomatically.- 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.

Do you have extensive experience with them?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Hiring a local property manager can help maintain the property and handle guest logistics.If you're looking for help, I’m a local realtor in California and would be happy to assist you in finding the perfect property or I would be happy to connect you with my extensive network with other top-notch realtors in the area if needed.Utilize tools like AirDNA to analyze potential rental income and occupancy rates for different beach towns.

Collection services usually want 50% of what they collect.

In my area, courts will not allow you to collect the lease balance if the tenant breaks the lease.

Are they collecting enough to cover expenses while also building up a reserve?