@Pavel Voroniuk thank you for teaching me a new concept that I am going to put into practice immediately.

There are also many companies, including insurance relocation companies, that you can submit your property to so they can contact you when they have a need in your area.Your question about adjusting your price is a complicated one to answer.

But if you're thinking about doing it for 2025, it may be too late, practically speaking, as I explained here:https://www.biggerpockets.com/forums/51/topics/1220969-expla...Also, REPS - real estate professional status - has nothing to do with STRs.

Your table shows the right concept but a couple practical adjustments: for STRs specifically, the 25-30% reclassification range is pretty standard for typical single-family properties.

This seems like a common practice, and am new to all this.Any insights would be appreciated!

Quote from @Madeline Holland-Jackson: Loan guys is a third party loan processor that engages in fraud and predatory lending practices.

I am looking to relocate to one of those 2 locales, so I thought I should start investing there.

A 4.5 rating with 80 reviews can tell a very different story than the same rating backed by hundreds.It’s also worth asking a few practical questions:– Do they have a response-time policy for owners or tenants (for example, within 24 business hours)?

I will be taking those tips to put into practice.

I'll add one angle specific to out-of-state ownership in Ohio: make sure your management agreement includes clear legal compliance provisions.Ohio has some landlord-friendly aspects, but there are specific requirements that trip up out-of-state owners:Key Ohio-specific items to confirm your PM handles:Lead-based paint disclosure (pre-1978 properties) - Ohio takes this seriously, and violations can be costlySecurity deposit accounting - Ohio requires deposits be held separately and returned within 30 days with itemized deductionsCleveland-specific ordinances - If your property is in Cleveland proper (vs. suburbs), there are city rental registration requirements and inspection programsEviction timeline management - Ohio's process is relatively fast (30-45 days typically), but only if done correctly from day oneContract provisions to insist on:- Written confirmation they're handling all required notifications (lead paint, security deposit interest if applicable, move-in/move-out documentation)- Proof of Ohio real estate license (required to manage properties for others for a fee)- Clear delineation of who handles legal filings if eviction is needed - some PMs coordinate but don't file; you want to know upfrontOne practical question to ask during interviews:"Walk me through how you handle a tenant who's 5 days past due on rent in Cleveland - what's your exact process and timeline?"