Some wires got crossed somewhere.It seems that a sophisticated, very wealthy operator could possibly implement your strategy--say they had some stream of cash from something else that they didn't need and could funnel into this, removing the need to keep reserves--but for the average person, even the average millionaire, it would be insane.

.✅ Implementing advanced maintenance tracking systems that offer total transparency, allowing owners to see every step of the process as it happens.✅ Using cutting-edge tools to maintain excellent, proactive communication from start to finish.This has transformed our relationships with owners and built trust at every stage.But I’m curious — for other property managers out there:How have you tackled these same issues in your business?

After taking ownership, we completed necessary repairs, implemented a regular repair and maintenance program, and the problems quickly went away.

Just to add about short term rental - this is not a simple strategy to implement.

I have a number of easy suggestions to improve the entire thing, none of which will ever be implemented because VRBO et al don't give 2 craps about hosts at all.

I have been looking into the option of implementing novation agreements, but all the research I have done points in the direction of not do them.

Don't worry about marketing or guest experience or the regular updates that need to be implemented to keep a hotel nice. 

I have experience with multifamily solar projects and how to implement it in a way to be both profitable and pass a savings to tenants (regardless if the building is master metered or individually metered). 

Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.

Implementing this will help us avoid any potential fair housing issues.Establishing clear, consistent standards will ensure fairness and transparency to all decisions.