Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.

You have to treat your tenants like guests and provide them an excellent experience  2) competition is heating up so you have to bring your A game.

It is very tough to finance these because most properties and borrowers do not qualify for the financing criterias on a competitive CRE loan. 

Maybe a STR makes sense because there's less competition.

Do you think there will be a lot of competition? 

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. 

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.

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

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!