I think short-term rentals are a great place to leverage technology to set yourself apart from your competition.Convenience for guests: Smart locks provide keyless access, eliminating the need for physical keys and potential lockouts.

So you may not be covered for a month's rent - don't count that chicken yet.4) Assuming you can hold them responsible for rent, you should still get the property turned as quickly as possible to avoid the vacancy loss.5) Determine the loss in physical damages, vacancy, etc. and send them a bill. 

It's equally important to look at location as it is the physical asset.

I typically spend more hours each week on visiting properties because I like to drive by each property physically to make sure nothing is amiss.

Physical assets are very much, high maintenance and highly active.

Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically. 

So you need to physically move in and sleep in the home more nights than anywhere else for that year.  

I got physically and emotionally depleted, and I rarely had time for any life outside of rehab, rent, deal with tenant problems. 

At that time, even the most impatient visitors don't physically have time to hit the back button.

It was a proper adventure, some days really pushed us to our physical limits.