I would look into spot hero and/or other parking apps to gauge what market rates look like for parking in that neighborhood then adjust accordingly for the quality of parking you're able to offer.

I've made offers on " as-is" properties before and STILL came around and requested adjustments after inspections. 

Adjust Pricing for the Slow SeasonIt’s worth temporarily reducing your rate or offering small incentives Consider including utilities and highlight that it’s “turnkey ready.”4.

Beginners most valuable benefits are going to be reduced spending, appreciation, and tax benefits.

Here's the best practice in this case:Wait until after the current guest checks out before issuing the partial refund.You want to ensure that the rest of their stay goes smoothly and no other issues arise.Once the refund is issued, it's much harder to adjust it if something changes or additional compensation is warranted (or not).This also gives you leverage in case the guest later reports other concerns, you can handle everything in one resolution.Tip:Let the guest know upfront that you’ve noted the refund agreement and it will be processed after their stay is complete.

Rents in our area are relatively low, inventory is sitting on the market for about 2 months (both for rent and for sale), and even after adjusting purchase price, down payment percentages, and other variables, it's still very tough to make the numbers work and we understand the market cool down conditions right now.

Let me break it down for you in a more conversational way:If you and your spouse are currently limited in how much you can deduct from your long-term rentals (LTRs) because of passive loss limitations, adding a short-term rental (STR) can potentially open the door to a completely different tax benefit, even without qualifying as a full-fledged real estate professional.Here’s how it works:The IRS treats STRs differently if the average stay is 7 days or less—these aren’t considered traditional rentals, so the income (and loss) isn’t automatically passive.That means if you can prove material participation—like doing most of the guest communication, cleaning coordination, pricing, etc.

These benefits can reduce your taxable income and help you keep more of what you earn.5.

In that case, you might also consider whether adjusting the rent due date (to match their income cycle) could improve things, or if this pattern is grounds for non-renewal.Whatever change you make, make sure it’s clearly outlined in the lease and only applies on renewal or with a signed lease addendum.

At least with the STR, I can at least adjust my nightly rate, but even that is way down.