Once you get everything done ask the electric company to install an surge protector on the meter box which is like $200 bucks, than get level two surge protection on the panel box inside.

It didn’t help when lightning struck since it seems the strike went through the cable not the electric line.

Doubled the square footage and replaced the plumbing, heating and electrical.

The building is in great shape, particularly the common areas, basement, boiler, roof, exterior, electrical, and 3 car garage. 

Cleaned everything , sprayed inside and out, scattered bait outside....problem solved.2) we state in the description that our place is less than a mile from downtown, and an easy walk or Uber ride.

That does not include all other fee, keep in mind that STR property managers deal with the high turnover, maintenance, repairs, cleaning, dealing with all the furniture, appliances, services like cable, internet,  and all other amenities including pools if you have one. let me know if you need a referral to a STR property manager or if you have any other questions.  

But, I knew that I could clean up the mess. - I spent seemingly countless Phoenix Summer Day filling the bag and bags of trash.

I had a 23 year old girl ask me how do you clean a toilet?

- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average

The worst case would include mold remediation, sagging flooring, woodrot, drywall damage, depending on water type - clean, grey, black water - foundation damage and/or repair.