To reduce your risk of audit, you want to be sure the company you select uses the IRS' preferred method, engineering-based.

Or you cannot withhold security deposit and may owe additional penalties if the tenant raises complaint.

As a PM I offer $1500 in coverage for my owners for each stay, this is in lieu of collective security deposits which is a hassle at scale.If I were you for direct bookings I would have a guest agreement, ID verification, and security deposit.How do you conduct the ID Verification on your direct site ?

A security deposit does not cover much on broken leases and the costs associated with re-marketing and re letting rentals.

You do not want to be dealing with rats, tenant move outs, security deposits, and interpretations of the law.

The big takeaway is that the IRS is clearly buying time on SECURE 2.0 implementation, which helps reduce rollover friction but also puts more responsibility on investors to be intentional during the transition.On the alternative asset side, the opportunity isn’t about chasing complexity or “private equity” as a label.

Most properties I see don’t have active security, just cameras that record.For owners and managers here...Do you feel cameras alone are enough to prevent issues after hours, or do they mostly help after something already happened?

Financial distress: late on mortgage, behind several months, back taxes, etc.You are a problem solver for these situations.Whatever method you use to find these people, stick to it, stick to the same method for at LEAST 6 months.

Just release the security deposit.

Although there are surely methods of acquiring leads with $2000 a month that may be profitable, such as buying list, paying callers, or running online ads, I would recommend not to go down that path.