Part 6/7:
Delegating the property management has been a significant decision, with the management company overseeing day-to-day operations. From utilities to guest communication and maintenance, handing over these responsibilities was critical to ensuring a relatively hands-off investment. Yet, the management fee of 20% before expenses raised some eyebrows, prompting discussions on the balance between convenience and cost.
Noise Monitoring for Guest Compliance
To mitigate potential issues with noise and disturbances, we have implemented a noise monitoring system that alerts management if decibel levels exceed a certain limit. This preventative measure aims to keep our neighbors happy and maintain a positive atmosphere for our guests.