However, when I’m not living there, I’d like to know if it would be feasible to rent out some of the rooms to visitors.A few questions I have are: How many days do I need to reside in my vacation home each year to maintain its status as a second home and not cross into investment property territory?

Implementing a robust asset protection plan helps you mitigate these risks, shield your assets, and maintain resilience against financial or legal challenges.To establish a solid foundation in these areas, it’s crucial to collaborate with experienced professionals.

Own 2 trucks no home just rent. 10k in stocks 10k in cash so not much leverage I'd assume.

Does anyone employ a separate quality check person to verify cleaning/take photos after a turn, adequate stocking, and oversea repairs?

When you are getting these commissions stock them away in a high interest savings account, don't be tempted to spend it all.

You can't do that in the stock market!

Document Everything: Use leases, inspection checklists, maintenance logs, and communication records to protect yourself legally and maintain clear expectations with tenants.3.

But the reserves don't need to be liquid, you can use retirement funds, stocks, etc.

A significant late fee could potentially damage your relationship with them, especially if they are already facing financial challenges.To help maintain a positive balance, it's a good idea to make sure your tenants are fully aware of the late fee policy right from the start.

Despite maintaining my properties the biggest headache has always been the inevitable leak, HVAC failure or toilet emergency which inevitably occurs at midnight on a holiday.