If you are hiring a property manager, they will have their own contract.If you want to be a property manager, you should build your own with an attorney. 

If you must be the on-the-spot final decision maker and are also the sort of person that can be talked out of $1200 per year without giving yourself time to think through your options or come here for advice then please hire a manager.No request, no matter how small it seems gets an instant response!!!

If you're investing $10-15k to increase the property's value by the same amount, it might not be worthwhile.Hope this helps clarify your decision-making process!

The underwriter for a HML company has a list of required due diligence that needs to be collected before a loan can even be submitted to the asset management company or hedge fund they partner with for approval – meaning it could take a few weeks to close if you can get your broker the required docs (it’s usually referred to as the conditional approval process).

I currently serve some great STR markets like Perdido Key, Pensacola Beach and Navarre Beach and I'm in the process of getting my Alabama license so that I can work in Orange Beach and Gulf Shores as well. 

Screen tenants - Implement thorough tenant screening processes to minimize risk of vacancy and potential rental income loss.4.

Here's a great article that explains the process and qualifications.

City of DHS is tough right now, they are enacting new very strict STR rules and it's tough to manage the process and fees unfortunately. 

It was NOT a fast process to make the decision and be comfortable.

And I can see the newcomers wanting to work , but not having the right papers makes it impossible to legally hire them .