Be sure to keep a pulse on demand in upstate NY as you underwrite … I was looking in Hunter/ Windham but have noticed revenues fall off a cliff in March/ April (vs 2021) … not saying you can’t find a great deal that returns, but be conservative w/ your revenue assumptions bc the pandemic years could have been an anomaly.

In Joshua Tree, they are already seeing the impact of way more supply (lots of new STRs) and a decrease in demand -- not really due to fuel prices, or a recession, but due to the fact that the last couple years were anomalies due to the pandemic -- as people return to what more historically normal travel and vacation. 

Hello everyone,
I have been actively researching the real estate market in the Bay Area, which I feel isn't talked about much in this sub. I know that due to its extremely high barrier of entry and overall VHCOL (Ver...

This is the core of Graham's work... and it's a mispricing anomaly that's persisted for over 100 years.

WHAT YOUR EXPERIENCES SOUND LIKE ARE AN ANOMALY TO THE BUSINESS IN GENERAL.

Right now is an anomaly. 

That was likely an anomaly, and I don't expect to get cash back at closing very often in the future.

But that was an anomaly anyway.do you want to be an STR PM/host?

We should probably do a mid-term rental for best return with the location, but will probably just push the easy button and LTR it.3) We primarily buy our own deals; this one was a bit of an anomaly.

You will want to pivot in excel and then comb through chunks of the data, to find comparable properties and make sure owner-blocks of the calendar, or unexplainable monthly anomalies in revenue, are not skewing your comparable property data set.