Depends on your market, but in general I would not trade market rent for vacancy unless I was in danger of losing the property or otherwise in financial distress and no vacancy was a necessity.

Hi everyone,I had a situation today that I’d love your input on as fellow hosts.A guest who had a confirmed reservation reached out on the same day as check-in to ask if they could change the dates to after thanksgiving.While I always aim to be flexible when possible, this request came after today’s booking was already locked in, and allowing the change would mean I lose that night’s income with very little chance of rebooking last-minute.To be clear — the guest is not asking to cancel (initially wanted to cancel but now ...), just to move the entire reservation to new dates, which Airbnb typically treats as a modification.

AND, lose $112k in the process.

Losing $8,000 to $10,000 in value on a property is a 'rounding error'.A property can easily gain or lose $10,000 in value if you consider inflation.I would only be concerned if the fundamentals of the city have changed from the time of purchase.In the future, I would not buy a 1/1 and 2/1 duplex.

I saw a handful where the investor was able to exit for even or small profit and I saw then about 20 losers that ranged from the investor losing it all or some portion. 

They are literally losing $6,400 to borrow a total of $12,800, or an average of $6,400 over the 8 years.

A lot of smaller operators still rely on PDFs, email templates, or even manual notes, which works — but it’s easy to lose track when you’re juggling turnovers, lease renewals, and maintenance.What’s helped me is using software that centralizes notices and keeps a running history for each tenant/unit.

Most people don’t lose during the renovation.

unless you're planning on BRRRRing, if you use a HELOC for the down payment and another loan for the rest you will just lose money, as the property likely won't be able to support all of the debt.

Since not everyone can tour in person, offering a quick FaceTime or video walkthrough can make all the difference.At the end of the day, leasing specialists need to think more like Realtorsto close the deal build rapport, stay consistent, and keep following up.Keep going, landlords don’t lose momentum, You got this!