D.FCheck with your insurer, and adjust accordingly.

If you anticipate further recoveries, you may need to adjust your claim accordingly.This post does not create a CPA-Client relationship.

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

The rent will be adjusted to $xxx.

It’s the risk ADJUSTED return that’s key.  

You can adjust the rental rate at the renewal or the next lease up and possibly make up the loss the following year!

Then, actively track and adjust as need.

Is it right that short term rentals are considered as licensing the property for use (similar to a hotel) and not a lease for a long term rental and therefore do not require a brokerage license to provide management services that include price adjustments? 

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

The area has too much wealth and great education system to suffer any type of huge adjustment.