I'd even say a good 25% of my bookings are accepted and paid before some of my competitors even bothered to respond to what I'm sure are inquiries from the same person that asked me about rates for a particular week/month.And once on-property, if you're not checking in, being pro-active about making sure they're happy or spot checking occasionally to top them up on towels or what not, you may see your ratings tend towards the non-5 star.So to sum up, I'd say if you're coming from a long term rental mindset, the attention to detail and constant communication would be the biggest shift in mentality.  

Hi Account Closed,If you purchased a home outright by swiping a credit card (or similar), you'd be able to apply for a cash out refinance six months down the line, and no one would ask where your down payment funds came from.

Of course, if you bring this foreclosure to their attention, you're basically alerting your more capable competitors that there's a deal to be had here.Again, this probably isn't going to be your first deal, and if it is, it won't be a bargain.

I'd prefer to provide higher quality accommodation for slightly more/the same price  as competitors over entering a race to the bottom. 

See if your competitors are priced much lower and what level of quality they are offering for that price.

In Reality - they look across the street at what a competitor is charging and adjust as necessaryMy point is that all of your calculations and strategy appear sound, but at the end of the day, the person who is most likely going to buy a park that size with that many park-owned homes won't be modeling out NOI, splitting cash flows between lot rent & home rent, etc.

(So they have fewer competitors to compete buying houses with them.)If I follow the 1% rule, I would have zero property instead of 48 properties now.

I just don’t think I’d want to be a competitor with that level of disadvantage. 

(This is near $400 more than ANY of our competitors)We have Multiple Property Owner pricing advertised on our site. 

They are reliable, easy to use, and free (unless you need expedited payments) for both you and your tenants.They do their processing using a tier 1 payment processing company (Stripe), which is backed by Wells Fargo... so it's unlikely you'll see any significant payment issues like a competitor's recent issues.After about a year using Cozy, I'm a big fan.