Maintain good business practices an carry a decent insurance company.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

To mitigate this, investors focused on equity typically maintain a CapEx reserve fund or factor in their personal finances to cover these costs, ensuring they don’t face financial strain.

We have been sharing a car since 2020 in different households when she worked from home and attended college online.She worked and studied, maintained good grades and was compensated for it via her school and the system.

STR's, if done right, are viable long term investments meant to cash flow at a reasonable enough level to properly maintain and improve them. 

I was surprised to learn that even they, with all of their resources,  maintain a limited rolodex of GC's to whom they turn for repair work.

Maintaining open communication and setting clear expectations for transparency and efficiency will help strengthen your working relationship with them.Hope this helps!

So maybe 8 phone calls across a year if you have a well maintained unit.

Misdirected concern: This rare scenario is being overemphasized, likely to maintain the status quo of seller-set commissions.2.

While PM itself won’t create significant wealth, it opens doors: when clients sell, you list the properties; when investors buy, you manage and maintain their assets.