So, the terms of your lease should be catered to that, with very strict insurance terms, personal guarantees behind any company signing your lease, requirements that lessee handles all repairs and maintenance, additional security deposits, and I would go so far as requiring minimum review quality for the host, limits on quality of guests they can accept, etc.And to your point about Airbnb not doing background checks, you are right.  

There is a new property management company in place now and I had my onboarding call with them last week and they walked me through every step of how they will be handling repairs, late payments, evictions and maintenance.Really happy with the whole process.

Most HMLs will loan at 65% ARV-repairs.

I purchased in 2019 and there was certainly a learning curve (understanding county rules and code, getting to know the local renter demographic, dealing with a limited pool of service providers in the area, understanding fire risk and mitigation; etc).

Looking to get feedback on the best cloud service you are using to store the data like contacts, photos etc.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

One of our tenants had a higher water bill due to the leak that has happened because of water heater failure. Who is responsible for the water bill according to NC Landlord Tenant laws. Is it Landlord or tenant? 

The best option is to proceed with a cash-out refinance utilizing a DSCR loan. you can grab up to 75%LTV all by using the current tenant's lease agreements to cover the debt service requirement.

Someone gives a talk and then goes and stands in the back to sell their services, but there's no pressure and the talk is valuable without anything further. 

Since I last posted we now have seller lead service, skip tracing, API integration for direct mail and a mobile app for managing your business on the go.