I stay in the sfv by Northridge.

I have a newer luxury property and like to vet who’s staying there.  

Although you mentioned wanting to stay away from rough areas in metro Indianapolis, many areas are on the cusp of gentrification.

No, stay away. 

Therefore, that fee is there to make sure that they are getting the job done the first time.Anyone who is saying that they can do a great PM job and won't charge you anything besides the monthly fee, is most likely going to fail out of the business because they won't make enough to stay in business, hire and grow.It is very important to understand all the fees associated with a PM, but I encourage you and your friend to not shy away from a company right away if you see they have fees on other things other than a monthly cut.

It will help you analyze and compare returns, length of stay/occupation, equity accumulation, rent growth and more.

This way you stay ahead of the market average of 7% and have built in value. 

I dont have regrets just did not care for STR  business personally. so we sold.But we have Mid term fully furnished rentals and I really like that one.. start off as a few months and end up staying a year or more and at close to double the rate and A class tennants..

To stay organized, open up new personal accounts that you only use for your REI activities.I'm a huge fan of Profit First as well.

I've had tenants stay for 30 years in the same place.