During the 2008 financial crash, property prices plummeted, but our clients experienced no decrease in rent or vacancies.My point is that the tenant segment your property attracts makes a huge difference in income reliability.What do I recommend?

Even if there is a crash, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.And during inflationary times, our rental rates increase.

It could take many years, don't be like the "investors" I know who have been sitting on the sidelines since 2016 waiting for a market crash that never came. 

Detroit actually when I started there prices were higher than they are today.. then it crashed big time as we know.. and its crawling back but still not to 2002 levels.

I spent spent many, many years as a banker prior to us forming this company during the last crash.

You might find this 20 minute read and breakdown of supply, demand, interest rates, and relative regional pressures on multifamily https://www.biggerpockets.com/blog/multifamily-crash-to-cont...

It was previously used as a crash pad for the owner.

Was the last tenant really overpaying by 15-20% or is your rental market really crashing hard?

I am curious to use the hive mind to learn about best practices for revenue management for short-term rentals.One trick I have used is to crash prices for undesirable dates, or dates that would otherwise go un-booked.

most bay area properties appreciate at higher than 2% annually which is how much the property tax can increase annually which reduces the number of properties that would have an overpriced assessment so i would say that kind of service won't last long in business around the bay areaAfter the financial crash in 2008 resulting in property depreciation, many people appealed the property assessment and there were services back then offering to appeal but i gotta say i haven't seen those lately