Hi Adriana,I run a short term rental property management company in Austin, TX which manages about 40 properties.

We are more specifically interested in single family and multi-family rentals.

Hi Wayne, since you're investing out-of-state, my advice for you is to read this book “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

We are currently negotiating a deal with a property owner while building relationships with engineers, builders, town managers, and others who (like @Steve B. says) we would have never thought reasonable to call without the education we are getting from VestRight. its just an advanced version of the very simple concept on BP of creating your core 4.. of course with developement its more like your core 12 :)  good luck all in the development world.. this can be done.. but its not something that will fall in your lap its not like talking someone into selling their beat up rental :)   

I have a rental portfolio here in Louisville.

A good PM can steer you to the areas that perform the best and are in the most demand.If you rely on a sales agent, they may not have any idea what makes a good rental and could steer you in the wrong direction. 

Hi all, I bought a townhouse/condo in Salt Lake City, Utah and I am planning on doing long-term rental with it.

The house will be used as a short term rental.   

I spend close to that amount on cleaning fee's for my rental.

The problem as far as I can tell is that new construction vastly outpaced rental demand.