But pricing 5% over market can easily add 3–4 weeks of vacancy.Concessions are influencing psychology.Even when effective rents are similar, tenants gravitate toward properties advertising “1 month free.”New construction clusters are brutal.When 10–15 identical townhomes go live at once, the top-priced listing almost always sits.What We’re Advising Owners Right Now• Underwrite conservatively for the next 12–24 months.• Prioritize lease speed over squeezing for peak rent.• Assume higher tenant optionality.• Expect stronger negotiation during lease-up.Vacancy in this market will erase a year of incremental rent growth very quickly.Long term, Charlotte fundamentals still look strong — population growth, corporate migration, infrastructure expansion.Short term?

Whether a tenant pays their final month's rent has more to do with the good management of the property along the way, and the relationship the landlord maintains with the tenant.

If you are building an automation-heavy stack (guest comms, revenue ops, PMS event sync), the pain shows up when you try to make Monday behave like a database + workflow engine.Right now, I have a team of 4 on ops handling 100+ properties while maintaining superhost.

I would maintain separate bank accounts and will not mix personal/business activities to ensure that the entities operate solely as a business.

They sign longer leases, maintain the property to hotel standards since their income depends on guest reviews, and you get hands-off income without typical tenant headaches.”Most owners don’t know this arrangement exists.

Military Transfers Increase in SummerRiverside County’s proximity to March Air Reserve Base means summer PCS (Permanent Change of Station) orders bring a wave of military families looking for stable, long‑term rentals.These tenants value:Well‑maintained homesClear communicationFlexible move‑in datesAnd they often stay longer than average renters.6.

Pay per showing, negotiate a flat fee for inspections that require a detailed photo checklist and timestamped video, and maintain a relationship with at least one dependable handyman who can accurately diagnose issues and either resolve them or coordinate the appropriate trade.To find these individuals, connect with local real estate agents, particularly those who specialize in tenant placement as they often have reliable field contacts and leasing support resources.

Maintaining your property to avoid accidents is paramount as with any property whether it be STR, MTR or LTR.

They maintain reserves.

How someone manages can MORE effect on what you need to allocate than most anything else and you completely fail to understand that.