Talking to friends and reading local FB forums, there seems to be a severe housing shortage for rentals, prices seem much higher than in the past, and the market is very competitive. 

It also shows sellers that you are a serious buyer, making your offer more attractive in a competitive market.

A fixer upper would be more likely to get a deal on.Certain areas like Orlando are very saturated and therefore competitive to keep rented at a good price.Research insurance premiums because they have gone through the roof in Florida and other areas.

There just simply isn’t as much money to be made for the average Host in 2024.This increased competition, lower rates and occupancy, overly optimistic underwriting and lower travel demand post COVID travel boom does warrant a reasonable label such as “Airbnbbust”.TLDRThe environment has fundamentally changed and operators have had to do a lot more than simply list a property to profit heftily.

Less competition for you!

Understand the demand, seasonal trends, local regulations, and competition in the area.

I personally like it when there is a IRS lien scares the uninformed away and much less competition .. it also keeps those that MUST get a HML to pay off the cash they invested as quick as possible..

Projections for 2025 suggest a more moderate 5-7% price increase, still above national averages but with less intense competition than during the peak years of 2021-2023.Investment OpportunitiesThe Las Vegas townhome and condo market offers various investment opportunities.

How's the STR competition and do you have a sense of what you would pull in with ST v LT?

Recently, I've seen Brian encourage lower priced listings, and with increased competition, I think that trend will continue, especially in a slower economy.