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Updated over 2 years ago on . Most recent reply
Greg ScottPoster
#2 Managing Your Property Contributor
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Are STR's headed for trouble?
Greg ScottPoster
#2 Managing Your Property Contributor
Pro Member
#2 Managing Your Property Contributor
- Rental Property Investor
- SE Michigan
Victor Minasce has some compelling data suggested there may be trouble ahead for Short Term Rentals.
Most Popular Reply
I'm in Scottsdale. I just bought a house to make into a high end STR in Phoenix.
Think of it this way, if you sell bananas and everybody decides to sell bananas, there is still a demand for bananas even though there is more competition.
But, those selling nice bananas will always have an audience and those selling bruised, rotten, spoiled bananas will no longer have an audience.
It's called "capitalism". Those who offer the better product will do well and those who go cheap will eventually fade into the night.