Each city offers it's own strengths and weaknesses, so it really depends on your strategy.

Why is Property Class so important for investors to understand and apply in their investing strategies?

Lately, I’ve noticed some owners still holding onto the 2021 market mindset, hesitant to adjust strategies to today’s conditions.

That way, the software becomes the 'bad guy' but also, it's consistent and automatic. 

The one area that they did mention that was doing good was New Jersey, and the guy that I spoke with was talking about it has slowed a bit but their market is still consistently up even with this increase in inventory we are seeing. 

It's taken years and is constantly being updated but this keeps our budgeting on point, and closer to new construction forecasting when fix/flipping and it also creates consistency in pricing across our PM owner clients, so they each get fair, consistent maintenance pricing.

Over that time, the property has consistently generated around $70K annually in revenue.Occupancy runs about 85% throughout the year, we have an average rating of 4.8 starts on Airbnb and 10 stars with Booking.com with over 200 reviews.  

Hocking Hills and Red River Gorge are both really popular STR spots and definitely have the natural attractions that drive consistent demand, but just know they can also be competitive and seasonal, so having a strong property manager who knows that niche market is key.

Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate. 

I subscribe to the strategy to list a property to get the most attention to the listings.