When I shop for new vendors, I pick who I like the most and has the best reputation, not who bids the cheapest.

Hi everyone,I’m Cole, and I’m exploring the world of short-term rental management.

Just be sure to check local zoning rules, manage construction costs, and explore financing options like HELOCs or DSCR loans.

Additionally, Chase Ink Business Preferred offers competitive travel rewards and may pair well with their banking services.Bundled Solutions: If keeping everything under one roof is critical, you might explore Silicon Valley Bank or First Republic Bank, depending on your location.

-Opportunity cost: A 7% interest rate isn’t great, but if you think you can achieve returns higher than 7% by buying another cash-flowing property, paying off the mortgage might not be the best use of funds.Now, let’s explore saving to buy another property:Investing in a Second PropertyPros:-Diversifies your portfolio, reducing risk if your Palm Desert STR underperforms or faces challenges (e.g., stricter regulations or lower demand).

Make sure you’re working with a team that has a good reputation and understands the market.3.

If not I would explore house hacking.

@Martti Eckert how do you plan to find reputable contractors that won't take advantage of you when they find out you're OOS?

We have seen maintenance costs skyrocket over the past 2-3 years and every case is different but here are some general guidelines for reputable (non-crackhead) investor level pricing in our area of operations:Furnace and A/C replacement with lineset for standard 3 bed 1 bath bungalow.

You can learn a lot about areas and rent rates without asking a PM so explore that first