Because I buy properties in desirable areas where people actually want to live vs “cheap” locations, I typically raise rents around $200.00 month every year to keep up with market rates.

What are typical holding costs (I'm thinking 5% of loan annually)?

These managers typically handle residential and multi family Best of luck

I will say though the tenant typically has to have the account with the funds 48-72 hours after initiating the payment.

I am thinking to give it till Monday to see if payment is received and if not, personally deliver a Notice to Vacate letter to have them move out within a week.

I received a booking for this summer from someone from Rhode Island and I saw that my competition was located on other lakes in other states.

They got on talking and Nick sent his first deal on May 18 but not yet a registered broker with SilverSky (We do have a broker program to enroll brokers before we ever fund their deals).Our investor's on the deal doing due diligence had concerns with both the sponsors and the deal which were communicated with Nick then again he reached out to me (Rodolfo) on June 7 and I knew nothing about it, but quickly reached out to Shah who confirmed the deal was off the table and Nick was told the deal is not a good fit.Nick requested for references which I did provide, I guess he was possibly looking at the wrong website (silverskycapital.com) hence he couldn't find any reference of our closed deals.We did receive client's complaints about Nick's negative propaganda on BP and I had to respond to his claims by signing up on BP but while I'm glad to become a new memberof the BPC, I can only hope not to get banned like everyone else whose account got closed in this thread without a known reason, not to mention our FL client, John Stolarenko whose been a member of BPC for over 2 years, but responded and got his account deactivated, he's did reach out to find out what was going on and if this is what paying $500 for an annual premium membership on BP is about, then I don't think I want to be part, especially being used as a platform to bully private lenders and investors who declined to fund loan request is preposterous.This only reminds me how Trump got kicked off of Twitter in 2021.

I have only received the replay for day 1.  

Definitely a great question to ask around different management groups, but this is typically only the case with large management groups like Evolve and Vacasa.

It does cover the cost of cleaning for a typical 3-month lease, but guests who renew their leases and stay longer often have excessively time consuming turnovers.