Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

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!

Understand the demand, seasonal trends, local regulations, and competition in the area.

obviously 150 doors on conventional loans for each would murder you so I assume that is the case and the 8 doors listed are just examples. at 150 doors you need to start talking to fund managers or heavy hitters in the multifamily space.

However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.

I personally like it when there is a IRS lien scares the uninformed away and much less competition .. it also keeps those that MUST get a HML to pay off the cash they invested as quick as possible..

We screen heavy and our tenants usually make great income, no criminal history’s, and are great tenants.

Projections for 2025 suggest a more moderate 5-7% price increase, still above national averages but with less intense competition than during the peak years of 2021-2023.Investment OpportunitiesThe Las Vegas townhome and condo market offers various investment opportunities.

How's the STR competition and do you have a sense of what you would pull in with ST v LT?