The only issue is that there is tourist fueled (single economy factor) appreciation, and organic multi-faceted appreciation.

Today’s buyers and travelers are explicitly looking for places that are not saturated, not overrun, and not priced out.

In my market, I can see these places pulling 100-120k gross if done very well.Build: $$675k-900k+ all-in for a brand-new STR explicitly designed to maximize ADR and occupancy.

STR nights per yearHow loss-of-income is defined under the policyWhether your umbrella policy explicitly allows STR activityAny claims filed, and how the experience (including renewal) went• If you considered a dedicated STR policy but decided against it, what factors drove that decision?

Mostly because your tax return does not explicitly report your land allocation.

They do not get to treat the deposit as their personal collection account unless your management agreement explicitly authorizes that structure.Key questions you need to answer:• Does your property management agreement allow the PM to deduct amounts owed to them directly from tenant deposits?

I just closed on charming 3 bed, 1 bath single family home that I will rent out next month after completing a mild rehab!

When I do, I’m strongly considering converting the property from a rent-by-room setup into a traditional single-family rental.Because of that, I’m debating whether I should:Put tenants on month-to-month leasesUse 12-month leasesOr maybe something in between (6-month?

I do think Multifamily certainly has advantages over single family, but single family has advantages as well.

My wife also has a property management company for single family home and HOA property management.