Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

However that link is for real estate "rentals" which is not relevant to my purchase of a short term rental.

Then the buyer did some small things that didn’t give me much comfort...like holding the contract and changing terms.

One of my mid term rentals in Upstate New York is going through a little slower period renting out this winter.This property is currently listed on airbnb.com and furnishedfinder.comDoes anyone have any creative ideas that they use to rent their mid term rentals out?

I'd also suggest a single family home house hack in a better neighborhood and renting by the room short or mid term.

Hi, I'm looking for advice on purchasing a long term rental. 

Now that we have agreed to the terms and conditions.

Are the properties long term or short term?

And in terms of the work we've had done, I've been told that once you're "dried in" it can also qualify as a fix and flip loan. 

We also do mobile homes on land but not as a flip, as long term rentals.