I'd budget $6-$7k per 1 bed unit to furnish and decorate.

I try to follow the theme with my decor.

Maybe paint the fascia a different color and add a decorative gable to the front peak. 

I swap out pictures to some with decorations and a more seasonal feeling.

Some PMs will even fund the furnishings and decorate for you.

They are decorated in a very stylish manner.

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

They're not just for decoration; they demonstrate your industry know-how.Now, let's talk about staying in the know.

If you come in the right offer, you could walk away from an estate sale with much more than just some new decor. 5.

I agree with a lot of the points that you made and while I know it's late to the party as many have already leveraged the COVID boom into managing others, I feel like a lot of folks will be changing managers this year due to poor performance from under-skilled or stagnant managers who set it and forgot it.I think two tiers of services to offer flexibility to the owner is a good idea and makes sense.A few more questions for discussion...What do you, or anyone else reading on the thread, do when a potential client has a property that needs decor work before listing?