They are funded by offshore investors.

Of course, they may look offshore but the same applies, COVID has affected most countries and each region is grappling with it in some way or another.

Running a successful STR comes down to 3 Ps: pics, people & pricing.1) Decorate your house nicely & pay a professional photographer to take some amazing pics2) Hire amazing people - cleaners, handyman, recruit some neighbors to help fill in the gaps, & self-manage or hire an offshore VA to manage the property if you'd rather make yourself rich instead of making a local property manager rich (more on that here: https://www.biggerpockets.com/... )3) Price fiercely to maximize profits not occupancy (they're not the same thing)

Just have your offshore virtual assistant call them when you have issues, at $4/hour.I’ve never in my life placed a single call to Airbnb or HomeAway.

Running a successful STR comes down to 3 Ps: pics, people & pricing.1) Decorate your house nicely & pay a professional photographer to take some amazing pics2) Hire amazing people - cleaners, handyman, recruit some neighbors to help fill in the gaps, & self-manage or hire an offshore VA to manage the property if you'd rather make yourself rich instead of making a local property manager rich (more on that here: https://www.biggerpockets.com/... )3) Price fiercely to maximize profits not occupancy (they're not the same thing)

I've read around and my understanding is that some landlords leverage home warranties but some think that in addition to offshoring the headaches of work requests, they can also offshore some of the costs (including being billed the service call charge regardless of whether it was wear and tear or tenant-induced damage).

I just wish I had funds to purchase more but can't compete with 420, offshore, OO etc. 

Running a successful STR comes down to 3 Ps: pics, people & pricing.1) Decorate your house nicely & pay a professional photographer to take some amazing pics2) Hire amazing people - cleaners, handyman, recruit some neighbors to help fill in the gaps, & self-manage or hire an offshore VA to manage the property if you'd rather make yourself rich instead of making a local property manager rich (more on that here: https://www.biggerpockets.com/... )3) Price fiercely to maximize profits not occupancy (they're not the same thing).

Read the (likely) off-shore examiner's disclaimer... it probably limits their liability to the cost of the search.$5 due diligence is insane.

@Stella Xu we shouldn’t overlook the fact that as companies find efficiencies in managing remote workforces that more offshoring will possibly occur.