Adapting to the evolving landscape, such as adjusting pricing strategies, enhancing guest experience, and staying updated on local regulations, will be crucial for success in this sector.For more detailed information and insights, you can refer to Shared Economy Tax​​, Safely​, DoorLoop​​, and AirDNA​​.

Property Improvements: Keep your properties well-maintained and consider making strategic improvements that can enhance value.

It will give the extra mile of paying low taxes ( enhancing total return of the investment).Finally, after analyzing the investment, if you can really afford the negative cash flow, go for it.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

This thread talks about some of the detailed questions you should be asking of any Tk company you consider (thread started by another then-new CA investor): https://www.biggerpockets.com/forums/55/topics/361999-new-investor-from-glendale-caThis isn't an exhaustive list (we're working on a much more comprehensive list for our site, which should be up by the end of the month) but it's a great place to start.

Based on what the core strategy is, you should find yourself drifting to markets that enhances the ability to achieve that particular goal.

I was told they are working on it.The app seems comprehensive but it is just not fully function.

Most of the software out there will provide you with the applicant's comprehensive criminal, credit and eviction history.

After 3 years, I realized this is an outstanding investment and it could greatly enhance my ability to retire.  

I just completed the RCFE (Residential Care Facility for the Elderly) Administrators initial certification course through Care and Compliance in Anaheim today and it was very comprehensive.  20 hours online + 6 ten hour days in a classroom.