When I first raised rents I kept everyone month to month because I hadn’t selected those tenants and wanted to see how they would be before signing a year lease.

They can take time with their search and be more selective about a property’s location and condition.

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

The reason must be base on an objective, non-discriminatory selection criteria.

After about 20 years, we've learned to be very selective, both with the door and with the client. 

Hello, Looking for any helpful information on my unique situation:Purchased a home to fix and flip.

We are pretty selective on who we will work for though. 

As I look ahead to the next 5 to 10 years, I’m at a crossroads and could really use some advice from this knowledgeable community.I have two potential paths I’m considering:1.Continue Focusing on Short-Term Rentals (STR):•My plan is to shift towards mid- to high-end vacation rentals with unique characteristics.

They may consider the unique circumstances of your purchase and the intended use of the property.Dm me if you need help with finance I can point you in the direction of a hedgefund.

We have been lowering one of our units and is now below what we were renting it for before.In Los Angeles I am seeing it as well, unless there is something unique about the property.