Property is managed by a PM, I live out of state.

Has anyone identified a creative way to get residents of properties purchased at foreclosure to leave on their own without having to pay Cash for Keys or bearing the cost of evictions?

Property Owner>>How can you manage that billing?

Yes, sharing our actual costs,  we need more housing but also letting people get past some of the big unknowns.   

I have a management firm that has filed the necessary paperwork and received a judgment, but it is apparently a time consuming process to then get a writ of restitution and then to schedule the sheriff to evict.

I have read The Book on Managing Rental Properties, (and have another book on the way along with preparing to get my real estate broker lisence).

It could be permits or some issue with the contractors which could all add to your holding costs.

If the logic of managing an STR is active income, the amount of effort to be a developer is far far more than managing an AirBnB.

I did not want to get into property management for others, so I chose the brokerage side and we are now a top 1% team.

Looking at AirDNA results, my biggest concern is occupancy rates, most of the calendars I look at have large gaps in them, and when you spend close to $500/sq. ft at current prices (in STR-designated areas), your property needs to rent well above 80% or you charge crazy nightly rates.We've also seen very few property management companies that charge less than 25% there (and 25% is rare), and some STR neighborhoods require you to use their designated PM (Desert Colors only allows Red Rock, and they are at 40% commissions - ouch!).