It does take time and energy to vet all those different people to find the right ones, but the opportunity could be greater if you’d like to build that up to a large income through the BRRRR strategy.You could take the very easiest route and invest the 200,000 with an advisor, which could generate between 650 and 700/month, and have everything automated to where you never have to think about it again.Or you could do many things in between - buy and hold a few properties with cash, look at holding notes, private lending, etc.

It allows my to blast all my buyers via RVM, Text, Email...and also automate some touch points with them.

I want something automated, and I know I'm going to get paid.

They have already been sent the automated check-in instructions.

One of the advantages in our follow up system is that we're using a CRM that can automate the process. 

We converted one of our apartments in Phoenix to a STR in October so I am not very experienced but you want to have things as automated as possible, locks, thermostats, apps. 

Would you rather use that money to buy a safe 4% yielding instrument (like a US Treasury if they yielded 4%)?

Then with some kinds of programmed precision they circle back with an automated follow up nudge like clockwork.

It also takes into account factors such as occupancy rate, cleaning fees, and other costs.Another tool you could use is "Beyond Pricing" this software is designed specifically for short-term rentals and takes into account the demand for your location, the pricing of comparable listings, and historical occupancy rates.Additionally, you can also use "Smartbnb" which is a comprehensive platform that includes a pricing tool, an automated messaging system, and a calendar sync with Airbnb, Booking.com, and other platforms.It's important to note that when using these tools, you should always verify the information they provide with your own research and local market data, as well as legal and financial considerations.Overall, these software's can be a helpful guide in determining a fair rental rate for your rooms and maximizing your rental income.

As software will allow you to automate tasks like online rent collection, reminder emails, etc. you may find that hands-on time managing the property is not as much as you may initially think.I'm a big fan of self-managing where possible!