Shampoo, condition, body wash, hand soap, coffee, creamer, toilet paper, paper towels, laundry and dish detergent, copious amounts of sheets, pillow cases, blankets, etc.Nearly every Airbnb host I have talked to has lost money on cleaning fees, so there is another expense.  

One thing that can be frustrating is when you're shopping around (totally understandable...you need to shop around!)

hey man, I can really do you good, could you give me a $20.00 for some gas and some smokes"." my truck has a flat and could you cover me a extra $50.00 for a new used tire"" my compressor got stolen, could you spot me a $100.00 so  I  can get a used one at the pond shop".

It could be worse - My PM drinks coffee and reads too long in the mornings, gets on the job by 10, goes to lunch by 1130, the gym by 2 and home by 4. 

Love to grab coffee sometime 

Honestly I was worried about this but now being a lender I realize we compete for your business so you just have to shop around to find someone who can make it work for you, just worry about estimating 25% of gross rent goes to expenses outside of PITI and you will be similar to what traditional lenders calculate.

I didn't really shop that number because I have a good relationship with the lender. 

I have a flexible schedule, let's meet for coffee and exchange ideas?

After my first property was a success, I decided to leverage my first property to get a HELOC and then used that money to secure a home loan. This time I had to pay only 6k in closing fees. Once the fees were paid, I ...

Find someone who is an investor, wholesaler or a real estate agent that would be willing to walk you through some deals and buy them lunch or coffee on a regular basis.