If the property was in decent shape to begin with I’d consider $100 per month.

He was happy to allow me to rent out nightly because it actually helps keep his property in better shape than a long term renter (having a cleaner in there every turnover, short stay guests always let you know when something isn't working, etc) but didn't want to hassle with worrying about a percentage of income/management, etc.

@Daniel Dubeck Gap Funding comes in many shapes and sizes.

@Tove Fox You can get a 2-3 unit property in Pittsburgh in B areas that will hit the 1% rule and be in decent shape.

If there's a second call for the same issue we have the line camera'd to verify the line is in good shape and that it is clear going forward, and charge the tenant if the clog was their fault but do not charge if we discover a mechanical defect; we fix the defect. 

It really helped shape how I think about the guest experience and has a lot of STR application.

Even when financial goals are met, the experience shapes how owners and tenants perceive the property.

Also, focus on the ones in the worst shape.

I started out researching my market by cycling the city and getting in shape.

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