I also try to be really clear with the MTR tenants I have how things are going to operate during their stay so there is no confusion when they are staying.This includes describing if there will be mid stay cleans, mid stay restocks, payment schedule, etc.

I know this is an old post, but just curious how this worked out for you and what you wound up doing?

I beleive @Russell Brazil raised something that went overlooked by follow up forum posts but more investors should take note of what he shared which is to focus on quality assets in quality locations.

- and if so, should the cost seg be on the condition of the property prior to rehab or post rehab?

VIRTUAL ASSISTANCE - I will have to onboard a virtual assistant and train them to handle a lot of the aspects (posting properties, signing leases, managing maintenance tickets, etc).

Just signed up for Pro and posted my 8 Rentals. 

I saw in another post that he could open up a HELOC as a backup, or for unforeseen expenses just in case, but we’re really struggling with what to do here and don’t want this project to negatively impact our relationship in any way. 

With expert insights from Sanjeev Advani, a connoisseur of real estate, property management, and construction news, this post unfolds the strategies you need to not just survive but thrive in today’s real estate market.Understanding the Impact of Interest RatesInterest rates affect the cost of borrowing, which in turn influences the real estate market.

For example, you could post the listing and then once you have found a qualified tenant you could end the previous lease.

This week's post goes out to the data-driven folk...First, let's talk about two key metrics: Average Daily Rate (ADR) and Occupancy Rate (%).Understanding ADR: Maximizing Rental IncomeThe Average Daily Rate (ADR) is a key metric in the short-term rental (STR) industry.