Should you perform maintenance?

-------------------------------------------------------------------------------------------------------Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

You failed to perform proper due diligence before closing on the rent house.

The terms will be fair, but also terrifying for non-performance.

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

Depending on the property's location, it could perform very well as a co-living asset (3x of a traditional rental).

Curious what you're basing your numbers off of- I'm guessing the 2023 numbers are going to be a far more accurate prediction of future performance.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

It comes from buying distressed assets and fixing them or re-arranging the property to make it perform again. 

These top performing homes have an annual occupancy running a bit higher at 62% and ADR is higher for those, about 10 homes, at $580.