So that should help bring down the software cost moving forward.From an advertising perspective, I had 2 separate photo shoots: 1 when I started the listing myself and self-managed ($450) and 2 when I hired the PM and we did a small re-design ($400). 

.#2 Repair Management, tracking expenses, following up with outstanding work orders, ensuring work completed with photos by vendors, notifying owners when there is a repair request by the tenant and track the time it takes from work order to completion, track the amount of repairs to a home at end of year so owner can see those expenses and try to get them on service contracts and off home warranties.

Our data indicates that 80% of guests don't look beyond the first five photos on an Airbnb listing.

BRRR is the "best" strategy for me right now, since equities suck and renting is becoming very respectable.

Many people put up unfinished units or tenant-filled unit photos when it looks terrible which gets you worse tenant options.It's your first rental property.

That is, if the host happened to read that email.They sent out new terms of service at that time, and it's addressed in one section: "3.7.7 ...You also acknowledge and agree that we may on occasion offer discount pricing for your Property; provided that (i) any such offers will be available with respect to a broad number of Listings and not limited to your Property; (ii) we will provide you with electronic notice of such discount(s); and (iii) you may opt out of a particular offer."

First, invest in high-quality photos specifically tailored for STRs.

You’ll probably end up having to pay any buyer’s agent a commission so you’re really trying to save 1-2% max on your seller’s agent before you pay for advertising, professional photos, doing the open houses and showings and paying to be on the MLS.

This photo is before pressure washing, we are trying solvents to remove the stains.

The reality that neither view is realistic or probable.The best advice I can give would be to underwrite for long-term leases as that can be an acceptable exit strategy, but be prepared to execute well on your MTR strategy (great interior design along with profesisonal photos and concierge servive).