Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

A good friend of mine recently managed to pick up a modest duplex outside Phoenix that looked risky at first glance.. low rents, older neighborhood.. but with a few smart upgrades, it became a steady earner in under a year.You mentioned your worries about remote investing and the challenges of managing properties from afar.

I don't think anyone has ever said anything about sheets, towels, Keurigs, wifi speed, tv stations, pack-n-plays, the games in the game room, the upgraded appliances, etc.

We give our proven tenants some slack when they are upgrading since we already have a proven record with them.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

This upgrade not only improved comfort but also significantly modernized the property.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

This is specific to this, I have the detailed 411 on this, including full background on seller, why selling, how things have gone, maintenance history and recent updates/upgrades such as the newer roof, HVAC etc etc etc... 

I would pay a plumber and upgrade the refrigerator. 

Amenities like washers, storage, and upgraded parking?