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Updated almost 4 years ago on . Most recent reply
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How to I set price to sell my STR?
I own a lucrative STR double (license requires homeowner to live in one side). Property has been generating $45k net income/yr. The weird thing is that appraisers will only value the house at market value and not take the business income into account
What your ideas about how to position/market this house for max value? I'm a broker so I'm the one to come up with the listing language and price.
Most Popular Reply
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That's not weird at all, it's a piece of real estate and should be valued on market value. Very risky investment would be to assume it will keep getting 45k/year indefinitely and pay more than what it's worth.