Most of them are very optimistic about occupancy % and daily rates when they do their projections.

OP @Jake Handler is a Northern NJ realtor and investor, has a fun monthly email newsletter called Propportunities (properties with opportunities) along with a cool Instagram page where he shares what he does daily.

Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)

A goal to work backwards from to today so you can make a specific plan and take deliberate action daily towards YOUR goal.  

Pricelabs Education - Doing a lot of research into Pricelabs' toolsets so I can better understand how daily prices are adjusted + integrated Occupancy Based Adjustments.5.

We need someone reliable as we are busy with our daily jobs and other investments.

Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.

Meanwhile  they completely ignore the action items that should be implemented on a daily basis to greatly reduce the claims from arising in the first place and fail to take the steps that properly prepare for when the claims arise.  

The videos they send to you daily seem very convincing.

I'm interested in doing that for a property we just renovated and I'm curious on how to proceed, especially if the tenant decides to exercise their right to buy.THanks