A nice portfolio is 10-40 properties, and yes you should drive by your own assets to check for broken windows.

However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

Taking action at 21 shows massive confidence and drive.

Comparing these metrics before and after the addition helps identify if the amenity is driving more business.Increased Rates: Some amenities allow you to justify higher nightly rates.

Exactly if its a hot deal cash just means you beat out the next guy who needs financing does not mean deep discount .. at least in markets were RE is sought after.

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.

So, the total base move-in costs would be $2500, all paid prior to lease signing.Since choosing a place to live is a very personal decision, please feel free to do a “drive by” of the property, located at 123 Main St., so you can get a feel for the neighborhood.

That drive is what sets apart winners in this game. 

Orlando, Kissimmee, and Lakeland are hot for mid-to-long-term rentals, with Orlando's tourism and Lakeland’s logistics expansion driving demand.