Quote from @Chris Lo: Which platforms/websites do landlords use to find the rent rate, how long the rental properties have been on the market, and all the details about other rental properties?

The issue is new hosts don't have the advantage you are getting from your direct bookings.

What if something changes with how that platform works?

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.

Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.

It's crazy because there are so many platforms. 

i also had HVAC mystery issues in my first duplex when we house hacked it.Regarding the Daikin Mini Split - I have one in the 3rd story of my current home and it seems to work great for us. 

Setting up direct bookings is a great way to avoid platform fees!

Risks include market fluctuations, property damage, tenant issues, and unexpected expenses.