Time management (all admin work and guest communications)
Optimal pricing and calendar management
Meeting and welcoming guests (delivering the key, uncoordinated meetings, canceled bookings)
Property protection and security (stolen/missing items)
24/7 Support for your guests
Cleaning, restocking and changing the bed sheets
Issues with amenities (the shower/heater not working, an issue with WiFi, etc)
Liability insurance (to protect against third party claims for personal injury or property damage)
Accounting guidance (local taxes & fees)
Legal (regulatory updates that affect short-term vacation rentals)
Neighbor relations & complaints & Landlord relations (if renting)
Keeping up with the news and the changing market
Life interruptions (having to be very responsive to guests queries and issues)
Education & improving entrepreneurial skills in this field of activity