IMPORTANT:--Guest communications, including setting up your automated messages--Price adjustments (key into seasonal pricing and important events in your area)--Listing description and noting amenities--Guest reviews--Learning from experienced hosts with great reviews (you can do this on many social media sites, including the Facebook group, Short Term Rental, Long Term Wealth)UNIMPORTANT:--Watching your Ring Doorbell camera--Obsessing about minute details that other hosts are freaking out about--Being a control freak about ANYTHING related to this business. 

Some work that comes to my mind is:1) Managing tenants to get rent paid2) Diagnosing a repair issue and getting the right team to make the fix3) Fielding messages from prospective tenants on advertised rentals4) This list goes on...I've found a company that automates rent collection and income/expense tracking for free, but I'd like to replace my property management portal altogether and feel I'm only half way there (certainly a tenant facing chat bot would close the gap).

The guidance and wisdom I found within this community were instrumental in navigating my first property's challenges and successes.However, our efforts were met with unforeseen adversity.

Paying contractors quickly is instrumental to them being on your side.

Many believe this is a cost saving mecanism but in many cases it will cost as much if not more and will not be as sound of a legal instrument.

@Steve K.100% agree which is why I am against people doing seller financingThey are investing in a security instrument that is typically over leveraged because they may sell a $200k home for $220k, and get 7-8% taxed at ordinary incomeI can invest in other investments and get 8-10% taxed as qualified dividends or get depreciation and have ltv’s below 70%… throw in these borrowers are typically not underwritten properly and have a high chance of failure and I scratch my head why people think this is a great ideaI think a lot will learn the hard way in the next 2-3 years

Lemme get this straight: I have no control when I have a highly liquid, fungible, instrument bottomed on hundreds, if not thousands, of assets across a continental or even global geography, and many asset classes, and I can buy or sell at a moment's notice.I DO have lots of control, however,when I buy a single asset class in the form of an illiquid, unfungible, single asset class that is highly localized, and subject to the whim and caprice of economically ignorant people and those who cater to them.No.

Your conversion rate will still be 0.033% but at least it is automated.

I'm an investor in Los Angeles & currently putting my money towards possesion of lists for distressed properties & cold-calling this list with automated systems.

@Ryan Fox @Kevin SobiloOur lease does state:"Tenant may not infringe upon the quiet enjoyment right or safety of other tenants through disturbances including but not limited to TVs, stereos, musical instruments, other loud noises, heavy walking, or other disturbing actions."