What’s your occupancy rate during peak and off-peak seasons?

Make sure that they review the document with you when they are at their "peak" in terms of happiness.

What is your peak season? 

Additionally, consider seasonal trends, as demand often peaks in summer.

It stays full on weekends but we're missing weekday rentals, especially in non-peak season.

Kowal: This is almost peak Tax Season.

High Returns: STRs can offer higher rental income, especially in tourist-heavy areas.Flexibility: You can adjust pricing based on demand, seasons, or events.Dynamic Markets: Places with festivals, conventions, or seasonal attractions.Considerations:Local Regulations: STR laws vary widely; some areas are more welcoming than others.Hands-On Management: Requires more active management or a very reliable management company.Market Volatility: Income can fluctuate with tourism patterns.The Middle Ground: Medium-Term Rentals (MTR) 🌐🏡Why MTR Could Be Your Goldilocks Option:Balanced Risk: Not as volatile as STR but potentially more lucrative than LTR.Target Audience: Professionals on temporary assignments, students, or those in transitional phases.Less Turnover: Fewer tenant changes than STR but more flexibility than LTR.Key Points:Market Research: Areas with significant but not peak tourism, or with universities and business hubs.Flexibility: You can pivot between LTR and STR based on market conditions or personal goals.Management: Still requires good management but might not be as intensive as STR.Strategies for Out-of-State Success:Deep Dive Research: Know the market like a local.

These can bring in significantly higher revenue compared to long-term rentals, especially during peak travel seasons​.Single-Family Rentals in Growth Markets:Target neighborhoods with growing populations, good schools, and job opportunities.

Under the assignment of income doctrine, income is taxable to the person who earns it, even if it is directed to someone else.

Offer a great first-stay experience with thoughtful touches like welcome gifts and clear communication to earn those initial positive reviews.For Big Bear’s rules, stay on top of local ordinances—maybe even connect with other hosts for advice.