This Cap would allow room for some future new STR supply.

I currently rent a storage unit for $80 a month to store supplies for my property management company.

And let's be smart, would ya rather go where every a-hole from around the country is going to produce more rental inventory, or operate where supply is still insanely constrained? 

Hey all, I see quite a few posts involving determining if an area is good for MTR be it the demand/supply/pricing.

If you are going the traditional route you will need to supply (2) years W2's or 1099 income unless you have been self-employed or the business has been open for 5 years - them you can use most recent year.If its only business income it can be tough if you have tons of deductions and show little in NOI.

Persistent supply chain issues and strong consumer demand have not helped the issue subside; however, the core driver of inflation is and has been increasing shelter costs.

Before you make your decision, check  Furnished Finder to see what the competition looks like and how many have wide open calendars to get a sense of supply & demand.

We can also charge another 10% increase until the occupant supplies their ID and income proof and signs a lease addendum.The smoking issue is a different story.

Good Day Bigger Pockets Family, I'm sure this request has been put out there before but can someone please supply me with a lease template I can use for tenants in the Philadelphia area?

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.