Thanks to technology and Airbnb, we can now rent it out when the property is not being used.

.), and you’ll have to do some continuing education for licensing compliance, then you might have some technology costs and some other costs I’m forgetting, of course vehicle maintenance and insurance and those types of things.

I'm still in the process of finding an alternative solution but I thought I'd leave this here as a warning for others looking to make a decision.For reference, I'll just post their email response to me here:As we review your inquiry, we would like to remind you of the following key points from our Terms of Use:In no instance shall ShinePay be liable for any of the following:"Lost revenue from service interruptions.Lost revenue stemming from delays, malfunctions of any product.unauthorized gains access to your account or due to shared passwords or if your password is hacked.Destruction to properly, places, or personal injury resulting from the installation, misinstalling, or misuse of any product.Lost revenue from entering the wrong account number for ACH or other bank transfer or money transfers or due to any delay in receiving funds.Damage to your structure, machines or car resulting from use or installation of our products.Any funds collected that are paid to a person that does not own the property.Any harm from defeating the lock and technology that controls the lock to a device.Failure to properly service any product or machine."

There is marketing costs, staffing costs, costs of brokerage and just running the business in general, technology systems etc etc..

Those were part of growing pains for us back in Nov/Dec.

One thing I’ve always done is focus on the 75th percentile of the rent estimates, as my properties tend to fall into that range (very nice, but small with no amenities).While I think there will always be some manual research involved, the current platforms lack key functionality that could be easily implemented with the available market data and technology.1.Quality Metrics:•Filter comps to match the quality of your rentals.

I live in a rural market and this type of issue with technology may not be as big a factor in urban areas.

Competing with Experienced ProfessionalsNew agents may feel overwhelmed by more established competitors in the industry.Solution: Focus on your unique strengths, provide excellent customer service, and embrace modern technology to differentiate yourself.The challenges of being a new realtor or investor are real, but they’re not insurmountable.

It’s fascinating how technology can make these deals happen remotely!

.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.