A great property manager ensures compliance with all relevant regulations, which helps to mitigate risk for the property owner.5.

I am an agent in the Iowa City area, however, I have worked numerous times with Regen Johnson at Ruhl&Ruhl.

Mitigation Strategy: Implement value-add strategies like property upgrades, which can allow for certain rent increases within rent control regulations.

Properties in areas undergoing revitalization are especially attractive for investors looking to buy low and achieve high nightly rates.Regulation-Friendly Market: Compared to many other large metros, Indianapolis has relatively relaxed short-term rental regulations, making it easier for property owners to get into the market without facing excessive restrictions or permitting hurdles.

Local Regulations & Market Conditions:In areas where vacation rentals are regulated or oversaturated, factors like legal compliance and market competition can have a bigger impact than ratings.

Consider zoning regulations, nearby development projects, and market trends to gauge its potential for value appreciation or rental income.

Each of these markets has its pros and cons, from rising property values to varying regulations on short-term rentals.As for financing, beyond traditional mortgages, you could explore DSCR loans (especially useful for rental properties), private lending, and even seller financing.

However, they told me that I have to rezone my property as commercial and that I have to comply with a bunch of different regulations like updated landscaping, parking, etc.

In reading about RSO in LA, it seems to be defined around regulations for LTRs, not specifically MTRs.

On the income side there are numerous things you could do to improve revenue but they are not listed.