Personally, I’d only adjust if the difference in withholding or tax owed is going to be more than a few thousand dollars.

On paper, it makes sense to adjust rent based on things like the number of occupants, payment history, or how well the unit’s cared for.

Underwriting & Financial DisciplineMany STR owners bought emotionally — operators run models.Cash Flow Model: Build underwriting that includes all real costs (cleaning fees, utilities, management %, CapEx reserves, and realistic vacancy).Dynamic Pricing Software: Beyond Pricing, PriceLabs, or Wheelhouse to maximize ADR and occupancy.12-Month P&L Tracking: Monthly financial reviews comparing projected vs. actuals.Stress Testing: Underwrite for worst-case scenarios (20% occupancy drop, ADR compression, regulatory tax hits).System: Quarterly Financial Review SOP — Reconcile P&L, re-forecast cash flow, adjust pricing, and reset CapEx reserves every 90 days.7.

How are you adjusting your ARV estimates given shifting buyer demand?

Whether or not you would benefit from a cost segregation study depends on multiple factors. 

CPA and jointly inform me if you want me to make any corrections or adjustments.2.

This property may not qualify for tax benefits.

Is there an immediate tax benefit from cost segregation?

Another benefit of Selfstorage.  

Your current situation with your properties is proof of the benefits of long term buy and hold in real estate.