I have been toying a lot lately with the idea of purchasing a house in Denver and airbnb’ing half to either offset my mortgage or at the very least reduce my cost of living.I stumbled across Loftium, which is essentially a company that pitches reduced rent in great areas, but as the tenant, you are responsible for managing an on-site Airbnb.

For a landlord a tenant defaulting will likely mean a late or no rent payment.IF your goal in screening is to reduce risk then not following your screening standards means you are increasing your risk.

This is great for investors looking to reduce their tax burden, and build long term wealth.

The way to reduce water usage was either to put bricks in the tank, fill a milk jug, or adjust the ballcock to reduce the water usage.

Your tenants can reduce their risk of loss by keeping the place tidy and helping with showings even while they still live in the unit.

This can also reduce your homeowners insurance premium, so it’s important to run the actual numbers on a specific property to accurately project cash flow.

Should I start a new LLC for each new property in order to reduce liability over lawsuits?

If you can, and there's track record and credibility there, it wouldn't reduce my perception of value much.

FYI, one last note, I originally listed this property at 209,900 & reduced it down to 199,900.

It'll drastically reduce your living expenses and help you save up money for the next rental.