So, whether you're considering single-family homes or multifamily units, it’s wise to examine the local market dynamics and consider the potential for value creation through operational changes in multifamily properties.

.✅ Dynamic Pricing – Instead of fixed rates, we used pricing tools like [PriceLabs / Beyond Pricing / Wheelhouse] to adjust rates based on demand, local events, and seasonality.✅ Automated Messaging – We set up scheduled guest messages to improve communication, reduce cancellations, and enhance the guest experience.✅ Superhost Strategy – We focused on getting 5-star reviews by optimizing the guest experience, from check-in instructions to small welcome gifts.🎯 The result?

Whereas with VRBO I've had several tech issues that were unfixable, such as photos that never load no matter how much I manipulate them, and a catch 22 with the dynamic pricing that never worked that locked me out of my calendar. 

Dynamic pricing tools adjust rates based on demand.

Use a few extra tools to maximize profit with dynamic pricing and automatic emails.

This can lead to better tenant relationships, local incentives, and an understanding of nuanced market dynamics that outsiders might miss.Conclusion:While secondary and tertiary markets might not have the same 'glitz and glam' appeal as primary ones, their potential for stable cash flows, significant appreciation, and strategic advantages can't be ignored.

However, I do worry about the dynamics of having several unrelated individuals under one roof, managing different lifestyles, potential conflicts, and turnover can be challenging.

But as you introduce more units, that dynamic starts to change.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

If Airbnb is your best option, choose a location with high occupancy rates and optimize pricing with dynamic tools like PriceLabs.