I do not recall any other fees or charges outside of traditional closing costs and they were easy to work with and communicated very well. 

What I see is a generation who would typically be entering the traditional work force, instead have opted out of the W2 world. 

I'm not saying this to say anything negative against your specific deal, you, or the idea of padsplit in general, we just saw something very similar happen with furnished mid term rentals and short term rentals and we've had a lot of conversations with owners the past 1-2 years about taking their short term rentals back to traditional rentals because it just didn't make sense anymore. 

Have you noticed any challenges on the management side compared to traditional long term rentals in your market? 

In some markets, short-term rentals can significantly outperform traditional leases.For the best returns, look for areas with strong job growth, low vacancy rates, and landlord-friendly regulations.

Mls, traditional offer How did you finance this deal?

Your focus on vacant land and distressed properties is a smart niche, as it can have a lot less competition than traditional on-market deals.Your approach to diving into the business is spot-on—focusing on education, market knowledge, and building relationships.

I was going to use traditional bank financing but the seller was happy to get 3% on the money.

I haven’t personally used them yet, but I’ve heard mixed things: some hosts like the peace of mind, others felt the claims process took longer than expected.If you’re considering it, I’d suggest running the numbers compared to a traditional STR insurance policy.

If it's not picked up auction it will be listed traditionally at a significantly higher price.