Also, you'll eventually have cap ex (big items) to pay for and those costs are only going in one direction, up. 

I assume you keep the capital gains/depreciation itemized.

I would say look at the big ticket items, roof, foundation, electric, plumbing, HVAC and assess from there if anything needs to be done 

And make sure that all items necessary for you to get the best rate possible from your carrier (like 4 point inspections, roof attachment points, pool enclosures etc) are present or available.One nasty little factor that can't be helped is that every time you buy a property for more than than last owner paid - you will have a tax bump due to re-assessment. 

If both of those its items look good, we'll continue.  

Here in Philadelphia the water bills are split into two line items, usage and storm water collection.

-They will pay for most maintenance, excluding large capital intensive items.  

To date, neither item has happened, and the deadline is 8/1/2024.It is also interesting to note that Jeff filed his own "Answer and Affirmative Defenses" in a number of cases this month and signed these as "Counsel for Defendant".  

Normally the tenants understand.If you're having consistent issues with a tenant abusing the HVAC only (if they are abusing other items then it may be helpful to find a new tenant), I know some HVAC companies offer an annual plan with a certain number of visits per year at a flat fee.

It was a balancing act on my end, I had to buy furnishings that were tough enough to keep up with the abuse of my guests, but affordable enough to not break the bank.I have put together a list of items for when I purchase a new STR, and would be glad to send it your way if you want to PM me.