Hi Ankur, I'd monitor the progress of SB-280 which should override local regulations with a state-wide airbnb registration system.

You have to take charge of the process. e.g. communicate with the contractor (if you use theirs), and if you can't monitor the progress, use their QC (quality control). 

@Mike S.you are showing your ignoranc of life insurance commissions vs ongoing investment monitoring and advice with securities.Before you make uninformed comments about life insurance commissions include yourself in the group you are criticizing as you don t even know what you paid when you bought the life insurance product.

You also need to clearly state it in your listing and I would also place a sign in the space that says 24/7 video monitoring. 

Few factors that drove me to mf right out of the gate: 1) only get so many Fannie/Freddie loans on traditional financing so I wanted as many doors under each loan as possible 2) can consolidate cap ex protects like new roof/siding (though keep in mind, bigger/taller property will mean more $$ for each project than a sfh--though still cheaper as a whole) 3) closing costs are roughly the same for a sfh or triplex so better to get a 3 for 1, 4) especially if youre out of state like I am, easier to track and manage everything for 6 units in two properties rather than 6 separate properties (I use property management but you still need to monitor/manage the pm).

Always pay attention to your property manager's performance because there's no way I or my team can monitor thousands of properties in dozens of states. 

As we can't listen to or monitor every call - our agreement spells out (in bold) "you agree you have not been promised any results" and "this supersedes all prior discussions."

Send letters to neighbors warning them you've done this and asking for their assistance to monitor and call you if triggered - but warn them it will take a couple of hours to get someone there to turn siren off.

Your current situation, and how to make it better next time.If you don't have strong guest wording in your lease you should add it, but also realizing that you have to give up some control because it is so hard to monitor and enforce. 

We do.Does your PM constantly monitor competition to be better than everyone else and represent only your best interest?