If you’re considering switching careers, pursuing a license could be a great opportunity.

P&L, Bank Statement, DSCR etcVery common for investors to make the switch when they need to or when the cons are no longer greater than the pros compared to conventional loans.  

Having a mortgage and your normal STR insurance is already 2 levels of protection. 

There are so many scams out there that we have to protect ourselves and unsuspecting tenants before allowing a showing.

@Cristal Ochoa @Leiah DotlichI will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

Houfy now has a damage protection plan that costs the guests $5 a night and does light identity screening through SuperHog. 

Whether they have personal property protection, and how much, should be left up them.

The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.

Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?