Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?  

And let’s assume that the requirements are going door to door and convincing “motivated” homeowners to sign a contract with you selling their property below “market” rate.  

I feel they committed fraud by telling us it was a cash deal, had $300,000 in funds, & when I saw the contract it stated we were only getting 179,000 on a 190,000 escrow & the SOW estimate came in at $65,000 and they’d only fund $40,000 of that! 

It appears the sale contract needs to spell out a lot of process perhaps. 

I was stuck in analysis paralysis for 10+months and then I read this book and no joke had my next project under contract within 3 weeks.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

The first house that I bought was 17 years old, 3 br, 1.5 bath, brick ranch house with hardwood floors, Andersen windows, ceramic tile baths, gas heat and a brand new roof. 

It's the nature of such contracts.