Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.

I never investigated further.I always questioned his recommendations because at the price/rent point he was advocating, the maintenance/cap ex would consume too much of the rent unless actively self managed.  

If wetlands are involved the process can get pretty time consuming, and costly but with your 3 - 15 acre lots you may be able to avoid impacting them which will save you a lot of time and money.I hope this isn't too confusing.

For those of you who’ve been in the short-term rental game for a while, what’s one lesson you wish you’d learned sooner?

Costly and time consuming with no guarantee of success.

No one has abused the policy as the only residents who've activated it have done so during a period of their own hardship (e.g.

Time Savings: Managing properties can be time-consuming, involving tasks like tenant screening, maintenance coordination, and rent collection.

Here's a list of some things I've consumed and think were worthwhilePeter lohmanns podcast, newsletterWolfgang croskeyPM podcastsprofitcoach webinarsEvernest podcast and webinarsNARPM leadsimple webinars, blogsproperty meld webinars, blogs (maintenance focused)there's probably a lot more, but that's enough to get you started and you'll find more by going through those. 

My cleaners have the basic resupply built into their costs which means guest is paying for the consumables.  

It wasn’t until this past summer that it really clicked for me just how powerful the REI model can be, and so I’ve been reading, listening, consuming as much information as I can over the last few months, and I’m just ready to start making things happen.Anyway, I’m really looking forward to meeting more of the community, to continue learning and building relationships with as many of you as I can.