Feel free to ask if you'd like more information or tips on implementing the BRRRR method!

I love your suggestions especially about the local art, what a great idea and I will be implementing that in our vacation rentals. 

G'Day everyone,How many of you look to other successful companies in your niche and implement something they do within your business model?

It’s the beginning of my journey and will be looking to learn and implement how to build a portfolio of long term rentals. 

Instead of implementing a first right of refusal, there should be an option to buy their homes from them at a fair market value/paying to move their homes elsewhere or give them the first right.This is the real issue, we are not protecting tenants by solely giving them the first right of purchase.

I do like your idea of the "tech package" with assoc. fees.The major con that has kept us from implementing has been - management burden.  

Investors are not the only ones that have taken notice of increased STR supply, the majority of the cities, counties or jurisdictions I service have recently implemented new or revised regulations for obtaining and operating a vacation rental throughout the Oregon Coast and area of coastal California. 

G'Day Amirra,Yep, pretty standard is 1 months rent.A new twist to traditional property management fee's that I like and that we implemented is a flat monthly fee (Like an insurance policy per se) and that covers no tenant placement fee, no maintenance up-charge, no lease renewal fee, no eviction up charge.Makes the fee structure "cleaner" and easier to understand as PM's usually have a lot of hidden junk fee's, etc...Thanks and much success

If you hire a manager you should have already understood their screening process, and then allow them to implement it.

Are there any that you implemented and had success with?