One mistake I’ve made in the past is relying too heavily on numbers provided by various real estate websites, so I’m curious how you’re verifying the property’s financials.Looking forward to hearing back!

Make sure you verify their work.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Verify enrollment?

These are just ways to help you verify which advice might be backed by more experience.)-----1.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I do plan to verify these expenses and assess whether they include everything, like ongoing maintenance costs.

@Vanessa LuleEstimating Occupancy Rates: AirDNA is a great tool, but it can sometimes be hard to verify actual occupancy.Hidden Costs in Monthly Expenses: Besides rent, utilities, and cleaning supplies, don’t forget to budget for:- Maintenance and Repairs: Minor wear and tear costs add up, especially in short-term rentals.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).

Verifying their information and licensing is important.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?