But there's something else that many people don't realize: these loans  "constant recast" during the interest-only period.For example, if I make an extra $400 payment one month, my interest-only payment will decrease the following month.

If you want to grow aggressively then having the extra cash available to you today is more important.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.

To me it’s a challenging game, an intricate puzzle where if you learn how to play you get great results.

I would highly recommend you pay a professional, such as myself (she said shamelessly....lol) TurboTax makes you feel everything is easy, I used to work for them as a tax expert, however there are many things you will not know you can deduct,  the program does not tell you that, even if you get on a live call for extra money you still may not get all the answers due to IRS regulations for tax professionals and how much advice they can give without actually signing the return and keeping copies of all your paperwork, setting that aside TurboTax is not that cheap as it is, you probably are better off paying a few additional hundreds of dollars and get it done correctly with expenses you did not know you can take.

Private notes require more work than Stocks / Bonds, is the added return worth the extra work?

But I would charge the extra 3% to cover my costs.

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.