It was previously used as a crash pad for the owner.

Was the last tenant really overpaying by 15-20% or is your rental market really crashing hard?

I am curious to use the hive mind to learn about best practices for revenue management for short-term rentals.One trick I have used is to crash prices for undesirable dates, or dates that would otherwise go un-booked.

And if you assume that everything is automatically included, you're likely to have unpleasant surprises down the road.

most bay area properties appreciate at higher than 2% annually which is how much the property tax can increase annually which reduces the number of properties that would have an overpriced assessment so i would say that kind of service won't last long in business around the bay areaAfter the financial crash in 2008 resulting in property depreciation, many people appealed the property assessment and there were services back then offering to appeal but i gotta say i haven't seen those lately

And back when we bought REOs from banks after the 2008 crash, they wouldn’t even consider one.Of course, with such properties, I would still recommend doing an inspection, especially for new investors.

I live on the beach in FL,  I see what's going on. 1st the condos are going to crash.

Joshua Tree is definitely interesting selection - probably destined to be a very volatile rollercoaster market - trends toward big overheats and then big crashes after over-builds, people that can time the bottoms over a long time frame can probably succeed very well

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

But once you go down that slippery slope 99% will end up making it worse and then crash spectacularly.