The laminate floors were brand new, but the we couldn't find the smell/source.. putting your nose to the floor, trying to find the spot of cat urine (b/c you can't see it), that's what I think of, it's horrible, humbling,   and not to mention just flat out disgusting... after that, we only do tile-- no exceptions.We also had another tenant move out.. he never complained about roaches, 1x he said "there's an ant issue"... and when he moved out, it was DISGUSTING-- horrible roach infestation,... seriously, I wish I did a better job taking pics, but just gross... this guys wasn't a druggy -- nope, clean cut military guy, so you just never know... seeing a beautifully redone place, infested with roaches, is humbling.. but you clean them up, call the exterminator, and move on!   

AirBnb is beyond the stage where iconoclasts want to stay there, if for no other reason, that to thumb their nose at the hotel industry.

Luckily for me I do have commercial loans on both properties and not govt loans (i.e. fannie/freddie, etc) so there is no requirement for the fema loans as mentioned above.At the very least, its worth looking into if you have some properties in a flood plain and are paying thru the proverbial nose for a policy that likely will never be applied.

No se puede!

Bobby Barraza... long time no see bud!!! 

You thumbed your nose at both of those.  

At the same time, I'm asking myself: am I cutting off my nose to spite my face by not discounting?

I would turn the properties over to a thoroughly screened hard nose PM company and instruct them to raise rents to market and apply annual rent increases to maintain market rents.

I have a BS in Aeronautics.I fly airplanes and helicopters.I pick my nose a lot. 

Funny thing is this was been sitting under my nose for a long time before I realized the potential...I guess it takes time to build the experience and look at things differently enough to see a value add type play.