As for the experience suggestion, thank you for your bluntness JHL, we all need that reality check, but I also have 42 years (bought my first property at 16 years old) and 5 generations of real estate investment behind me and am always looking for new developments in this dynamic business.

As an example, last year we saw markets with 9% rent growth, and some with -5% rent growth -- so there is a large variance and I expect that to continue based mostly on supply dynamics as Scott said.

- I'm curious about the market dynamics.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

Get listed on all the OTA’s and a direct booking site, use good management software like HostAway, use dynamic pricing software like pricelabs, use WiFi enabled smart locks like Schlage encode, use an email capture system for guests to login to WiFi like stayfi, use those captured emails to do marketing for your direct booking site, and automate scheduling and payments for cleaners and maintenance.

Quote from @Benjamin Werner: Hi Joshua, I replied your DM.Btw, I checked out the recent 2021 census data in Portugal and here are the Top-20 Municipios by resident (relative) population growth.Interesting to see the dynamism led by Municipios around Lisbon e.g.

It is different than the dynamic pricing, if you already use that for your STR.

This not only preserves the value of your investment but also enhances its profitability over time.Also, I'd like to emphasize the importance of understanding the local market dynamics, which will help you make informed decisions about where to buy, what to buy, and at what price.

The key will be to remain flexible, understand the local market dynamics, and position themselves to take advantage of the eventual boom when the project comes to life in 2025.

If you can attend local investor meetups, that’s a great way to gain market insight and connect with reliable people.It’s also smart to start small with a couple of flips to test the waters, and make sure you understand the local market dynamics before scaling up.Good luck with your expansion!