Selling Property Perfect for Short Term Rental

[Steven Scheetz]

So I am selling my rental. I recently renovated it, and it looks better than most of the comps in my price range. I reduced the price, but it seems like the RETAIL real estate market is slowing, and I've dropped my price to as low as I can afford to drop it. So as an alternative, I'm considering pivoting to a short-term rental, but I'm also realistic that I don't have the time to manage an STR, nor do I know enough to determine if net of management fees and other fees and utilities, whether it's actually a viable strategy, even if I wanted to hire it out. Please help!

[Mike Grudzien]

I wish I had a better answer, but there is a current trend to the bottom with STRs (some markets are exceptions).  With inflation and tariffs, travel is down.