Many investors assume luxury upgrades lead to better performance.

Are they luxury?

Apparently the most recently lottery for tee times had tens of thousands of applicants, a friend of mine had four different people ready the moment reservations opened and failed to get a single slot..Investors have been flocking to the region targeting luxury STRs and some notable names have quietly been acquiring prime properties. 

Also I suspect that these types of listings get only rented through a broker.My verdict: sell it and buy a property that is better suited to rent. 

Now the guy lives off the cash flow and even started a luxury construction company out here in Idaho.So yeah, it can work.

Being a broker is better suited for originators that like to work independently, control their workflow, and like to offer an array of options.

It is luxury sized compared to their school housing situation.   3 br, 3 bathroom, ~1350’ small dedicated outdoor space and a nice common space for 4 people (rent is $4500 (Point Loma)).house hacking means you are not paying rent.  

In practice, I’ve noticed that MTR success often comes down to boring fundamentals:Comfort over flashReliable WiFi, workspaces, and storageSimple, durable furnishingsClear expectations on cleaning and utilitiesNot luxury.

Change figures to suit. 

DirectionsWebsite4NaplesOffering upscale shopping, fine dining, and beautiful beaches, Naples attracts affluent travelers looking for a luxurious getaway, presenting opportunities for high-end STR investments.