Do negotiation with the tenantIf it is item 2, what are the do’s and don’ts

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

Would you recommend the PadSplit business model to others?

It’s an item in our roadmap, but maybe I just need to prioritize it to the top of the list in 1H 2024.Bottom line is that I allowed us to stop supporting it several years ago, in a decision I wish I could have back. honestly, I used to use the app personally as well.

It seems the company model has changed a little. 

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

This strategy aligns well with long-term hold and appreciation models.6.

I would like to think it is worth it, and that I could run a business model that serves fewer customers really well rather than deliver basic services at scale.  

Plus STRs are not the model for me.

(P.S If you have any leads on properties that allow this business model in the area, contacts that are open for mentoring, and so on feel free to PM me) As an owner I can tell you what I don't like:  Please don't ask if you allow "corporate leasing".