It improves your property value and attractiveness for new tenants.Worst case scenario, you are able to serve a "Notice of Breach of Contract" to tenant (asap) and evict.Do NOT just wait, address this now, you have to set the correct expectations aka train your tenants. 

Currently bouncing around some ideas on how to best serve my investors in DFW, Texas (Arlington, Grand Prairie, Mansfield, Ft Worth, Dallas) and create win-win opportunities.Where else would you come to get investors opinions?

Next time they are late serve the pay or quit notice asap.

In some cities, you can call the local utility company that serves the property and ask them for the average bill (water, electric, gas) for that address for the last year and you may or may not get that information from them.

“Balance sheet” and “P&L” is what your cpa will come to rely on.

My rentals all run their own P&L and accounting.

On the plus side- you’re clearly learning how the P&L of an STR works, which is a great step in the right direction that unfortunately many investors learn *after* they’ve made the purchaseAnother thing to note: don’t “cook the books” in your underwriting by undershooting cleaning expense (if using Airdna) .. you should be changing your ADR dynamically to boost occupancy in order to *maximize* revenue .. but this in effect “maximizes” cleaning fees as well ..

Quote from @Kristen L Garner: Hi Jean, welcome and best of luck with your buy-and-hold plans! 

This person can provide you with regular updates and photos of the work, and can also serve as a point of contact for the contractors.Another option is to use a third-party inspection service to verify the work of the contractors.

Buy in a primarily owner-occupied neighborhood to attract tenants who are a lower economic risk, says Ryan L.