I netted enough to make a decent profit AND my guests and I got personalized attention that is critical to STR success.

Don’t Lose It with This ONE Critical Mistake and Money Podcast 533 What Even We Didn’t Know About “Protecting” Our Wealth with Jenny RozelleNewer laws have said you should get your LLC's in whatever state you are investing in due to the legal protections.

Always disclose that you are an agent, that is critical.

But this can be off set because STRs can earn a lot more than LTRs.A host is very important to the experience of STR and responsiveness is critical.

Superficial Improvements: The focus on aesthetics might mean that only visible areas are improved, while critical but unseen aspects like plumbing, electrical systems, and insulation are neglected.5.

Knowing your market and demand for your product prior to buying is critical in the MH/MHP space. 4.

While agreeing that it creates bias, can someone recommend another real estate site that includes the crime map layer as it is critical for evaluating a rental purchase, especially as an out-of-state investor?

If you follow dogma on websites about the “best” property to buy, you are unlikely to get reliable tenants because each location is different.Once you know the property profile for the properties you want to buy for a reliable income, it is time to select the properties.Property SelectionIn addition to conforming to the property profile you created based on income reliability, there are additional considerations, as illustrated below.The rent is the critical factor.

It's critical to keep up with local market circumstances, remain flexible, and never stop looking for new chances.

They aren't too bad if you automate things.As others have mentioned, reliable cleaners that do a good job are critical to your success.Changing regulations, saturation and a slow economy (like now) can cause you hardships.