Our STRs have a PM who handles the STR tenants. 

Now that we are looking into the next property, we are trying to figure out the best way to handle the financing of it.We don't want to do the HELOC again - it worked the first time, but things have changed and - realistically- we were pretty fortunate that it worked as well as it did the first time.The cabin is was purchased at $230K and it's probably worth around $285K now.

Make sure it can handle the extra capacity before you get too far along.

You can evaluate the additional cost and payback time as if you were paying for heat to get a handle on it but the jump to most efficient is probably not worth it in your situation.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency,  trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.

@Jay Hinrichs I handled an auction sale years ago where the city/state had assessed a riverside parcel at 60+ acres for decades when it was actually less than 20.

He could have sold it to any investor, but he called me because he trusted I would handle it with care and respect his wishes.

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

That’d be my next move-they can tailor advice based on your portfolio and Vermont's specific laws.By the way, if anyone here has experience juggling multiple LLCs at the 5-10 door stage, how have you handled the balance between liability protection and administrative overhead?