Overlooking Minor Repairs: Small issues like broken window locks, missing handrails, or leaky faucets can lead to inspection failures.Incomplete Documentation: Always have the necessary permits and contractor receipts for renovations and repairs.Neglecting Lead-Based Paint Testing: If your property was built before 1978, it may contain lead paint.

Buyer beware.Sales people will tell you you’re getting a product and service that you’re not. 6 months in and it’s still broken with no resolve, and they want to charge you to fix the bugs.

Those little upgrades can make a big difference in attracting quality tenants.

Nickerson added “exchanging” real estate to upgrade to larger holdings without paying capital gains tax to his formula, and a number of other books were written about the subject in the next 10 years.  

The only issue is that the new home is not an upgrade over my current one—everything is quite similar.

This got me thinking there are probably other items we need to upgrade in a mountain STR.So here's my question for those with experience in the area: What other items or upgrades do I need in a mountain home STR that are not obvious to a newbie/city dweller?

In other words, if there was a broken leg on your property that resulted in $250,000 in medical, lost wages, and pain & suffering, if there was gross negligence on your part, the total judgement could be $1.25 million, and worse, your insurance company could deny it.So what constitutes gross negligence? 

Currently the work thats being done is both upgrades and work necessary to satisfy the Detroit City in order to get my rental certificates.

I would explain that I typically do not do upgrades except during turnovers between tenants. 3.

Even once when my home was broken into while I was lying in a hospital bed, the landlord made his way over.