Network with property managers.

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

Rinse and repeat as many times as life allows, or convert to buying pure investments.Consider employment with a property management company.

I’m inclined to hire a property management company, but still considering all options.Problem is - the property is UNIQUE.

After three years of managing all businesses and properties, we built up our capital and transitioned into full-time investment in Multi-Family Commercial Units.Since then, we moved to Nashville, TN, got engaged, and have two beautiful fur babies.

Hey @Brandon Wallace so first, you are managing a Short Term Rental, not an AirBNB.

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

Do you manage your property yourself?