PM can adjust during the winter as needed. 

You might want to include clauses that adjust the split based on performance or time invested.Potential Risks:Market volatility: The Georgian real estate market might be subject to fluctuations.Regulatory changes: Laws regarding short-term rentals or foreign ownership could change.Currency risk: Since you're dealing with EUR in a non-EUR country.Overestimation of Airbnb income: Ensure your projections are conservative.Renovation overruns: Both in time and cost.Partner relationship: Ensure all terms are clearly defined in a written agreement.Regarding the 70% rule, remember that this is typically used for fix-and-flip properties in the US market.

I don't think it really matters what you record in QB if you need this for taxable income purposes, your accountant is going to make whatever adjustments they need to make anyway.The only depreciation tracker I use is the fixed asset schedule my accountant provides with my tax return.

Lowering your mortgage payment could offset the rise in taxes and insurance.Lease Adjustments→ Offer longer lease terms: Longer leases (e.g., 2-year terms) can create more stability, and some tenants might be willing to agree to a small increase in rent in exchange for locking in rates.

Is a single family home valuation altered or adjusted if its operated as an STR? 

You need to be inflation-adjusted, every 12-15 years it needs to be 40-50% more.If you're 40, and want to retire at 55.

Most expect rates to come down over the next 24 months, and since a 5/1 ARM is fixed for the first 5 years, you'll have plenty of time to get out of that ARM prior to it adjusting. 

Continuous Improvement: They consistently seek feedback and assess what’s working or not, making necessary adjustments to enhance team performance.Conclusion:Great leaders focus on building a team that is not just skilled but also motivated, cohesive, and resilient.

Brokerages may need to adjust their business models, which could open up opportunities for cost-efficient, flat-fee models or other discount real estate services.

These quickly eat up profits and adjust the risk profile of deals.