And if someone looks at a rental but they're not interested, ShowMojo will automatically notify them when a new rental comes on the market.Here are my statistics for last week:Answered 18 incoming phone callsAnswered 1 incoming text inquiriesAutomatically responded to 13 incoming email inquiriesCaptured 3 inquiries from the webCollected 22 new leadsScheduled 5 new showingsAvoided at least 3 no showsIn one month that comes to 90 calls, four text messages, 55 email inquiries, 12 web inquiries, 88 new leads, 20 new showings, and I avoided 12 no-shows.That's well worth $99 and this isn't even a busy month!

I understand using a PM with a LTR. 7-9% is much easier to absorb and worth the cost vs an average of 30% on a STR depending on where you buy.I am not sure about the 99% comment.

Now it's worth over $2.5M.

There are multiple different metrics that can be used to measure the efficacy of a rental property.It may be worth finding a person in your area that has experience with rental properties to learn from as well.

I'm glad to know there's a defined line for what's acceptable when renting to family (though my daughter's boyfriend isn't family... yet 🙃).  80% of $1,600 is $1,264 which is less than the $1,350 I am charging them (I stated $1,300 previously but remembered it's actually $1,350).Honestly, this year, repairs and maintenance are very minor, but all of this information is good to know going forward.

Remember, the hardships of 2007 weren't the end but a lesson that has prepared us for success.

In the cases where the property is "built-as" multi-family it may not be as necessary, but still not worth the risk. 

Is the anonymity and the additional asset protection worth the hassle?

In particular I suspect all of the changes to the roofline and ceiling heights, as well as the work you'll need to from a structural perspective as a result, may not be worth it. 

PS I remember one time when I was giving a presentation in Manhattan Beach CA at a FIBI event.. there was about 80 investors in the room I asked for a show of hands how many were PMLs and I would say half the room raised their hands  :) thats were private money is found.