I'm of the opinion that a property that cannot create $15-20k+ per year in rental revenue is going to struggle keeping up with maintenance and repairs.

@Kiran AsknaniAirDNA is within shouting distance of my clients' STR actual revenues here in Colorado.

Hire a reliable co-host or property manager (15-25% of revenue), automate pricing and guest communication with tools like PriceLabs and Hospitable, and build a strong cleaning/maintenance team to handle turnovers and inspections.

From a revenue management standpoint, you are leaving money on the table. 

Their target audience are professionals with cash don't don't have the time or desire to become educated and are willing to pay/forgo some revenue for a experienced investment relations firm. 

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

It might not be the greatest return ever, but it would allow for some revenue to come in when it is vacant.Thanks for your input!

I’ve spoken with a few agents who estimate it could generate anywhere from $150,000 to $300,000 in revenue, which is a big range.

To further boost occupancy and revenue, consider revisiting a dynamic pricing tool like PriceLabs, as it works best with more time and data to adjust rates competitively.

Hope is the industry gets some relief soon and I can revisit some options to further improve asset revenue through amenities and/or roll into a better rate a lower principle.