There probably won’t be any unintended consequences like California raising minimum wage for only chain restaurant workers to $20 per hour while all others are $15. 😀  

Two questions for those of you that have more than 1 self-managed STR:1.

I assume you were chasing the low bid and unfortunately this led to abysmal contract management on your part.

I have a full time employee that does database management and property searches. 

Are you planning to create a business entity out of which you with either hold and/or manage this property?

LonnaLonna, the woman in charge of property management, is amazing.

I have not seen anyone post about this yet, so I figured I would share some of the highlights after reading the 41 Page Document this weekend  with the new CO Warranty of Habitability Law Updates.I'd like to credit my property manager, @Colin Smith, for updating me and the other owners very promptly and providing a few highlights before diving into the document. 

I have a property in Memphis that the property manager has been managing fine for > 5 years and they recently became unresponsive to calls/emails and have missed sending payment to me. 

(I am not a lawyer, just a 20+ year former HOA manager).

You could structure a joint venture agreement but make sure you lay out the following: - Purpose of the Venture- Contributions- Ownership and Profit Sharing- Decision-Making- Management- Duration and Termination- Liability and Risk Allocation