Standards are a necessity, but we need to understand why we establish standards and when to deviate from them.

This approach insures me and others working with the operator that they are serious about their product and they want to stay on board with you not just pass you off because, the product is worth standing by.Especially for out-of-state, you still want to obviously do your due diligence, its very important in my opinion the operator/provider has transparent and simple systems in place to help you remotely manage but not have to be continuously involved, only by choice not out of necessity.

If your doing an FHA loan that's a necessity.

We personally furnish all of our rentals with all the necessities and constantly add things that guests request as needed.

The washer and dryer are there for their convenience more than necessity so I don't take responsibility for them.

I would budget $3000/year, unless you can get a solid quote.Also, factor in regular termite treatment as a maintenance item, every wood frame property down here has some termite damage or activity, so treatment is a necessity.

As necessity is the mother of invention, a trusty meat tenderizer works just as well.So this is my kitchen in all of its glory: three layers of wallpaper and an eighth of an inch of paint.

I downloaded a few spreadsheets and most of them seem so complicated so I decided to build my own with the basic necessities for MFR.

I follow the section 8 bible's philosophy to know the local requirements in and out and remove all non-necessities (essentially bulletproofing a home)

@Daria B.I'd admit, I am very original some times, or more like necessity is a mother of inventions :) But seriously, you have a property.