I use a management company so didn't advertise to any of my STR guests that I was the owner.

I just had to share this as it's been a complete game changer for the performance of our company.

This will be very beneficial to your success.

Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!

It's essential to familiarize yourself with the local landlord-tenant laws and work with a reputable property management company to ensure smooth operations.Short-Term Rental Laws: Philadelphia has regulations on short-term rentals, but it is still possible to operate Airbnb and similar platforms within the legal framework.

I really appreciate this info, I am familiar with the process but do you know how I can sell to those companies who buy the house?

@Nicholas Owens No, but my insurance company requires it be replaced immediately.

We are hiring some contractors (roofing company, mason) that will cost more that $600 for repairs.

@Becky Wong KaplanGet your attorney and insurance company y involvedThe renter should have renters insurance to cover this as well.

Or have people found success with other fee structures with their property management for their mid-term rentals?