John Yes, that is precisely why I think it is overrated with respect to cashflow, it is very difficult to find a property that will leave you above water after doing the numbers.

Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

For example, I think when people look at rental rates in Spain they consider regular annual rentals and Airbnb-style rentals which are two ends of a spectrum and have their respective drawbacks (changing legislation, etc).

With all my respect, most real estate agents have no clue what the laws are.

Without proper boots on the ground, your property will never get the proper love & respect it truly deserves (I get it.

From what I hear, Vrbo is much worse than Airbnb in this respect.

There is almost no understanding CPM- several multimillion dollar coliving start-ups have FAILED b/c they saw the demand for coliving w/out seeing the need for a respective form of property management (see HubHaus, Common, Starling, etc). 

It should be common sense that if you respect your tenants, understand the culture and provide a positive and enjoyable experiences, in many cases that is reciprocated.

It is your choice to believe it or not and I respect your decision.Just for you, these are the very first properties you see when you search Chicago.

So far a little over a year later we are a super host and premier host on Airbnb and VRBO respectively.