If you have (personal) historical data, the process is much faster than having to start from scratch.

I work closely with commercial properties and have been seeing a wide range of approaches when it comes to cleaning, especially around tenant turnovers, post-construction cleanups, and recurring maintenance.
I’m curi...

Quote from @Christian Welch: This is something I always stress and make very clear:STR investing is not just buying a property and listing it on a platform for rent.A short-term rental is essentially a hospitality asset.It’s not a hotel or a motel, but it absolutely falls under the same scope — operating a business that provides both a service and an experience to the client.Like most hospitality assets, the majority of your costs come from:• Turnover and cleaning/ Preparing the unit for the next guests                                                                                                                                           • Restocking paper towels, toilet paper, soaps, towels, linens/ Stocking up all these supplies upfront• Ongoing wear on mechanical systems — HVAC, plumbing, appliances, water heaters, etc.This is why many STR owners choose to hire specialized STR property managers — firms that already have the systems, staff, and client base to book properties months in advance.

Crime patterns, school zones, and tenant demand play a big role.Tenant quality and turnover trends — Certain areas and price points see higher turnover, which can quickly impact cash flow.Older housing stock and maintenance expectations — Many properties require updates or ongoing repairs that out-of-state investors often underestimate.Eviction execution and local process — Mississippi law is generally landlord-friendly, but local knowledge is key to handling issues efficiently.Curious to hear from other Jackson investors.

As part of my annual planning and client review, I realized I may be underpricing a specific type of client relationship... particularly smaller SFR owners who require a high level of ongoing access and advisory time.In a few cases, owners reach out multiple times per week for non-emergency questions, including late evenings and weekends.

This allows the lender to remain protected throughout the process. 

Hello @Calvin Maranville, I totally hear you...working with “mom and pop” property managers can work to some degree, but having systems in place makes a huge difference and really smooths out the process.

The process to closing was definitely not turnkey.  

The intention is not to generate more income but to reduce the consumption of income through lower ongoing maintenance expense.

That said, bank statements can SUPPORT the income they are claiming on their taxes so that you can see that their business is ongoing and didn't stop operating in the last couple months.