I like STR but the maintenance gets expensive and frustrating to manage or do myself.

The variance will be granted based off the site plan submitted at the time and the variance application.

The limit is applicable so it doesn't count toward the doner's lifetime gift-tax exclusion.In theory, if the doner doesn't anticipate to have an estate near the lifetime exclusion, they can gift more, they would just need to file a gift tax return, where normally no tax would be paid.

A virtual assistant could easily help with the day to day listing management, guest communication, and other virtual tasks.

With the second one, I told them I was the property manager.

This is why you always use a property manager.2.

The out-of-state seller utilized a typical property management company which resulted in bloated expenses and a rent roll below market levels.

Most management companies will tell you that games rooms definitely increase revenue. 

• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

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