I've never understood those that can't understand the critics of STRs.

Trying to understand the strategy for investment properties with next gen configuration from the experienced. tysm in advance.

The property is located in a mid-size city with several attractions nearby.I understand that management fees can vary by location, but this property management company charges 20%.

Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Whichever direction you go, be sure to work with folks who understand this and gives you the confidence to take reasonable action - I'd personally take an okay investment and weather the storm for a few years that will eventually perform well, and do that each year - rather than take 3 years to wait for the best deal possible.

So you can understand why I was blown away to see prices half that or less with rents 1500-1800 in Duluth.

It may be helpful to analyze each deal as a flip and a BRRRR so you understand why sometimes it works as one but not the other.There will be some people that say it’s not all about the numbers though, and I would agree.

Here's a chart from ShowMojo based upon the thousands of properties their clients use their system for:Not sure how any landlord or PMC doesn't understand that DOM are affected by the time of year and it's taking longer to find tenants than any time since 2018!

Whether it’s for startup costs, equipment, or marketing, leveraging your home’s value can help bring your entrepreneurial goals to life.Bottom LineWhether you’re thinking about selling, upgrading, or simply want to understand your options, your home equity is a powerful resource.