I’ve worked with a lot of investors and property managers in both Texas and Florida, so hopefully, I can help you sort through the options.Florida VibesFlorida could be a fantastic choice if you’re leaning toward short-term rentals.

This is an alternative approach for newly constructed buildings.RESIDUAL ESTIMATION APPROACHThis approach determines the cost of short-lived assets, such as 5 or 7 year property and subtracts them from the total project cost.

If it’s not required by law, you might ask why it’s being done now and if there are alternative ways to address the concern.Going forward, consider setting a clear spending threshold with your property manager.

Maybe pay a financial advisor for an hour of his time first in case there is an alternative that you have not seen yet?

@Joshua Lanzieri when renovating older properties there are almost always negative surprises.Go watch any HGTV renovation show and most of them will have this as a cliff-hanger, forcing the choice of either going over budget or cutting back elsewhere.10% overruns happen often, but 50% is NOT acceptable!

I appreciate this alternative perspective @Zeona McIntyre!

They completely wasted my time due to lack of knowledge and organization to my file; then changed their offer as if I had no other choice but to take it.

-In LTR we allow the use of security deposit alternatives.

But I have 0 empathy to pay for someone's CHOICE of not having there stuff insured. 

If you decide you need a third choice and didn’t choose them already.