The same is true with property management.

What makes you want to get into property management?

My guess is there are some STR owners or managers genuinely unaware their current pricing exceeds the price gouging thresholds until it is brought to their attention.]Will PriceLabs and other dynamic pricing tools- respond quickly and appropriately to these issues?

So it is fine for us to just list the property under my husbands name on the Schedule E even though we both own it, and I manage it?

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

I’m also curious about the pros and cons of managing short-term rentals versus long-term tenants, especially for clients who are new to real estate.I’d love to hear from those of you who’ve been down this path before.

We currently own/manage properties across a few states including Hawaii so we aren't new to managing short term/mid term rentals.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible. 

I am hoping to learn about managing my own property and how to get tenants. 

You are also going to need to decide how to manage the property.