prices and rates are high and there is lots of competition for deals, both on and off market. 

You 100% need a pool to thrive in this market, especially considering the competitiveness of the market. 

“If the industry disclosed the commissions, whole life sales costs would have to come down to be competitive,” Fechtel says.

So out of the inflated cleaning fees, both the worker and owner earn less AND could experience reduced NET occupancy due to the overall cost of stays being less competitive. 

I understand what you are saying about increasing management fees, however our competition does not do that.

I will say that the wholesale market here is incredibly competitive.

It's very competitive to recruit realtors, you have to train everyone, you have to create your culture, processes, a ton of stuff.

I have zero competition right now 

You could sell and 1031 it into the next property but you'd usually have to time the sale of your existing property and the closing of your new property right.I also wouldn't worry about having central air in the property unless that is essentially a requirement for you to remain competitive with the rest of that market.

If the answer is yes, you can go Nathan's route and maybe recoup a third or so, but IMO not worth it.We focus more on preventing these situations in the first place with solid screening and frequent inspections, once the damage is done it's too late.Milwaukee is currently the second most competitive market for tenants right after Mimai, FL according to the Q1 report from rentcafe.