This winter was pretty cold in Metro Detroit, but it was nothing compared to the rental slowdown we have seen from November until now.  Our average days on market inside our portfolio extended to roughly 49 over this ...

I can see it as a corp retreat, maybe event space etc, but selling seems the best way to get out.But the best strategy is simple not to buy in an area where the risk is great enough to lose the STR aspect.

It’s personal to the employees, who are directly impacted by the work culture of the business and rely on it as a source of income.

I'm trying to clarify if the DCR loans negatively impact my personal debt income ratio.

Time to be creative.This means opportunity for those who are in the know about how to deal with this change.

The Neighborhood Building Owners Alliance has put together a page with more detailed info and the ability to send an opposition email to all city council members ( nboachicago.com/nspo ) Please take a minute to share your disapproval even if you are not directly impacted by this ordinance.

BUT the larger the deal the harder it becomes to pursue a rehab strategy with meaningful impact on appreciation. 

One critical aspect we focus on is identifying and preventing fraud.

.• Handle guest issues efficiently, especially last-minute problems that could impact reviews.• Manage turnovers and quality control, ensuring standards remain high without you having to check in constantly. 

If you have any further questions or need additional details, please feel free to reach out.Thank you for your time.Dana@Dana Lee Fuller I completely understand and as a former Director of Lending for a CDFI in the Midwest that financed the gut rehabs of mostly abandoned 2-4 unit MF properties, I've worked with similar developers that are targeting more of a "social impact" investor base.