@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.

You can see he even went so far as to pretend it’s real by using a real enough image of check that they would “need” to block out the account and routing numbers….

Avantstay always had an excuse of why that was.My 5 bedroom property that was one block off the beach in florida had literally zero bookings in the month of december 2024.

But H&R Block was "with Watson" at least as way back as 2018!

Nothing worse than walking up the front of the house and having a broken up concrete walkway.

With the advancement of concrete in the last 100 years or so, you don't really see wooden piers.

@Ryan Rubel There are certainly quite a few restrictions in those two areas, in Carlsbad you have to be within the coastal Zone...I have a multifamily in Carlsbad Village a block outside of the coastal zone so I'm unable to operate it as an STR unfortunately.

Block off specific times of the day for prospecting and lead generation.

Besides a declining population and tenant-friendly laws, you have to deal with the fact that neighborhoods can be as small as a city block in many cases.

I set up my daily time blocks on GC and watch the ted line steal my day away for motivation.