As I get more I'm planning on assistants and book keepers for when my automation isn't enough.Cap rates on larger multi-families around here are around 7%, cap rates on SFD and Duplexes are near 20%.

- These photos will reel people into your property and ultimately make or break if a person decides to book with you - Professional photos typically range from about $200-$500 and it all depends on your market 3) Competitive pricing - There are so many great softwares that automate this process like Pricelabs and Beyond Pricing- These softwares are constantly updating pricing automatically based on the demand of the properties in the area - There are also so many customizations you can play around with to do a lot of trial and error - Highly recommend choosing to offer a discount on the first few bookings- Airbnb and VRBO both offer this option to you as part of the listing setup process4) Response time - The listing platforms like Airbnb and VRBO prioritize hosts who are extremely responsive to guests - Make sure you are responding to guests as soon as they send a message - There are software's that automate the majority of the messages like - request to book, booking confirmed, check-in instructions, check-out instructions, and more!

If you're looking for the agency she works with to find housing, let me know and I can ask her for you because they have an amazing set up for my sister.I have a friend who created his own Airbnb automation software and his experience in his rental situation for his investment properties showed that renting to travel nurses panned out to be the best financial value for him.

I expect I will need better automation at about 1 rehab per month (12 a year).  

Yes, STRs take way more work and is definitely more of a side-gig than a "passive" investment, but with systems in place and a great cleaning staff, most of it is automated and cruises on down the road with limited interaction.One thing that we "knew" but didn't prepare for is just having more reserves - which everyone probably could admit that they "should" have more. 

These are the predominant factors for automated underwriting for DU and LP (Fannie and Freddie).

I use a few automation tools to make everything easy.

I used a property management tool that put everything (leases, applications, listings, rent payments) all online and automated.

As I am an out-of-state investor, automating that is essential for me. 

Worst case scenario you find a deal that allows you to pay half the rent you would usually pay in that area......to me that's still a slam dunk and going to catapult you to financial freedom faster than looking and waiting for the perfect deal.Plus, if you are worried about all the painstaking tasks of being a landlord like maintenance, rent collection, and finding tenants you can use cool automated services like ours to take care of it all.