Quote from @Jaime Zarate: I was just curious is there ever a right time to buy a house like a lot of people around me say wait till the market goes down cause it’s high but like it always seems like it’s gonna keep going up you know I know there’s sometimes the moments where it goes down a little bit, but it’s always gonna go up noYou can google historic home prices (for example case schiller index) if you want to know.

Thanks to all of the comments—this really got me thinking…Can a new Airbnb popping up nearby actually cause economic obsolescence for your long-term rental?

I came across various posts and comments saying aircover may not pay for the property damage/loss caused by tenants. 

Even if your most expensive formal eviction was only $1,600, the real cost is in the time.In Connecticut, the eviction process can easily take 3–6 months (or longer if the tenant contests), during which:You’re losing monthly rent — potentially $4,000–$8,000 or more.The tenant may stop maintaining the unit or cause damage.You’re likely paying legal fees, court costs, and potentially storage/removal fees after they leave.So while cash for keys feels like a “bonus” to the tenant, it’s often the cheapest and fastest path to getting your unit back in rentable condition — especially in states with long and tenant-friendly eviction processes. 

Sometimes policies won’t cover the root cause but will help with the resulting damage.

If a “day” is midnight to midnight, it’s unlikely we will be able to meet the “Days used for repairs and maintenance” criteria on Friday, therefore causing a Personal Day.

They have a stable of regular cash buyers who are willing to buy based on what they say and the photographs and cause minimal headache during the transaction.

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

When all done, take a day or few, maybe have some good strong JD "Tennessee Tea" at the ready cause your gonna need it.

If there's no water in the P traps, sewer gas can rise out of the drains and cause a sulfer smell.