Lots of options as far as raising nightly rates as other STRs shut down, converting to MTR or LTR or doing an exchange to another state.

But that will be your decision and at least you have options.

If that's what you're really after I would start with the basics of what kind of bank loans either residential or commercial are available to you - not saying this is the best option, but it's a good place to start.

Here’s what made a difference for us:🔹 Mortgage Relief – Many lenders offer disaster relief options like payment pauses or loan modifications.

I'm happy to discuss it further with you (I have appointments this morning, but will be back after lunch) and there are a ton of options now.

Hi BPers!
I have an STR we've run for about a year. While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorit...

Repurpose the money into a variety of different options.

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

I'm an Italian investor, and I will say that long term rental is a very risky option.