I've had appraisers use adjacent town comps. 

They’d pry be excited to extend their control. 

@Greg Kasmer @Anthony Taylor  The reason that Property Managers have this fee is because they normally allow their owners to have too much control over the process.

Hi all - first post on the forums.Had a question for investors familiar with the town of Middletown in the Orange County region of upstate New York. 

Some towns are getting stricter with STRs, and demand can really shift with the seasons.

Is anyone familiar with this town that can give me feedback on what the rental market is like (he’d like to house hack), area to avoid, rockstar realtors, off-market deals etc..Thanks so much.  

Now one of those owners is listing their home and we have $100k+ of future reservations on the books that would amount to probably around $20,000+ in cancelation penalties.I think Airbnb/VRBO really need to come out with an official and very public policy about how this affects PM's, otherwise it seems like they could be quietly making an entire industry that they rely on (property management) unfeasible, because as managers the properties are under our account, but we don't fully control them.And that's just the fines. 

In other words if you look at a certain horizon (5 years, 10 years), that Seattle property might do better than other markets.The wildcard with Seattle is rent control.

REI is not the stock market, where you have no control.

Fortunately, some better prospects surfaced on the MLS this week (one's that are not in the flight path of airlines coming in and out of the international airport in town, and with better value-add capabilities).