I didn't to sign up for their credit monitoring. definitely not looking to pay $9k to secure 12 credit cards with different terms and rates. especially when cash advances are much higher interest rates.

Hi Patrick,Not sure where your STR is located in Maine but you may also want to consider and monitor what is going on w/ STR regs in your area.

3) Analyze all properties sold that fit your criteria that sold in the past 90 days and continue to monitor the sales until you become an expert on that property type4) Talk to lenders to see how much you qualify for as a down paymentBest of luck!

My ultimate goal is to bill the tenants back but the other main reason I am installing them is to monitor potential leaks.

Let the experienced Manager or Management Company do their thing and you just monitor their performance and results on a weekly or monthly basis.

It is easy to use and has both computer and mobile APP to monitor activity.

Most of our STRs have an office set up of some sort or a spot to work with monitors and we do find this attracts a lot of guests where someone needs to work while the family enjoys the activities.Traveling nurses get a lot of the buzz around MTRs but displaced families from fires (Napa and Oregon do see a lot of these), other work force that can be remote or travel, or other potential guests.Also, definitely use Airdna or one of the other sites that estimate your revenue to see how it would perform in your market and then look at other listings as well to see what amenities they offer to see if you could be competitive in your market.

i genuinely do not know how you would do it unless you spend time there yourself in person, either getting your team set up, and/or monitoring your project. 

If you treat the place like your own property (which it is) and have an understanding what it takes to screen guests or apply booking specific requirements up front or leverage noise monitoring systems to ensure parties don’t get out of control, go for it.

If you financed the purchase, then cash flow after debt service is going to be key for monitoring in this specific area.