1) Emergencies: we trust our handymen or contractors to be fair & quick to avoid tenants withholding rent, tickets and lawsuits.2) Well-known Item Prices: we've pretty much standarized prices for many common items like smoke detectors, blinds, screens, doors, locks, faucet replacements, etc.

We keep our saltwater tub around 102 year round.

Look for a MaP rating of 800+ grams for solid waste—anything below that tends to clog more easily.In North Texas, a toilet replacement (standard white, round-front, basic install) usually runs $275–$450, including labor.

There is definitely strong demand for mid-term rentals in Columbus because my property has been booked all year round.

Condition of the Home: Is it mostly cosmetic fixes, or does it need big-ticket repairs (roof, plumbing, HVAC)?  

Take that same skill set and consider scaling with leverage or partnerships to go even further on the next round! 

Definitely well rounded program

@Summer Chen There's a big difference between PMCs for LTR, MTR and STR.We primarily service LTRs.We tried STR and were not able to make it work.Currently, we are doing MTR and we've been able to integrate that with our LTR services.Sharing this so you can research the PMCs you've hired to see if you're trying to, "put a square peg in a round hole".In our experience, STRs require a very different approach than LTR - which most PMCs won't be able to do well.Regarding response times, shouldn't be more than 1 business day (we don't return owner calls on Saturdays or Sundays) 3 business days tops.

I agree with Dan that it is not easy to make it work, I have helped my clients make it work with differing strategies.To make sure that it would make sense for you to buy here:Reasons to buy:- Strong year round demand, with amazing weather relative to the rest of the country, we rarely see a substantial slow down.- Relatively high overall income potential, factored with long term appreciation can lead to a very sold IRR (internal rate of return)- Permit requirements = Clearly defined set of rules to operate within, leveling the playing field for all owners.Now for the reasons not to buy:- High entry cost, this barrier is untenable for many as the down payment can be $200k or more.- High operating costs, if you are not an owner operator expect to pay upwards of 25% in management fees- Permit requirements, if you fail to operate within the defined rule set, you risk losing your permit and therefor losing your profitability.I hope that you found this helpful.Reach out to me if you want more information!

Building permit will be before June 15th, last round of reviews currently. which would work out since we still need to demo!