My quick analysis had the added cashflow taking several years to recover the cost of furnishing the unit on top of the added management required for a short term rental.

But the damage to the blinds and the cost of removing trash definitely justify holding back some of the deposit.As for the documentation, it’s a good idea to provide a detailed accounting statement along with receipts for any repairs or replacement items.

Do you know how to determine reno costs IF you cant get in or even if you do get in ? 

If you want something more convenient, a GC can handle everything for you, but it might cost a bit more.

The two owners Jonathon and Ginis provide live training and no cost commitment.

You know it should cost more to have S-Corp because of the extra filings/reporting...What are you doing???? 

OR Hire property manager and eat the costs until you have cash flow coming in? 

With the current cost of renovating - what is the consensus ?  

That can be both a positive or a negative depending on the opportunity cost of the monthly fee and % of commission they take on every sale vs the opportunity and tools that are given to you.On the other hand smaller local shops can be more flexible when it comes to the terms of full time sales agents vs part time agents.

Cost efficiency makes it cheaper to set up and maintain than multiple LLCs.3.