We typically do a minimum 3% increase, then we hold larger increases for turnovers or every 3-4 years.

Maybe others would have more helpful input on this aspect — but I've always held off on STR since a turnover team seems like a difficult thing to put together. 

In many parts of Florida today property prices along with rising insurance and property taxes make it very difficult for short term rentals to cash flow with only 10 to 20 percent down when underwriting conservatively.

Very difficult to get close to the 1% rule now in at least out west. 

Buyer activity increased year over year, with more pending contracts and closed sales compared with February 2025.

Does NS have caps on rent increases? 

You can have a property manager do all of it, and it would be difficult to meet the requirements for material participation (and therefore qualify for the STR tax strategy).

Increases in property taxes across the board as well. 

I'm thinking you are risking losing out on future rent increases to over that limit, but you are getting the tax relief and certainty.

In our market today it's getting increasingly difficult to stay busy.