This is defined as 30 days or more, and you will easily find nurses, professors, students, and more than need a 1-3 month airbnb.Speaking of, you could rent the whole space mid-term - and I suggest through airbnb or VRBO but you don't have to use those.

Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency,  trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.

Or maybe you fill the unit a month faster and it pays for itself.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Many distributors also offer financing and can give you an idea of what monthly loan payment you’d be looking at.

My last visit was in 2021 and owners were limited to one guest per month.

But…There’s ZERO chance I would rent by the room for $600/months more.

Long and short, when I now look at my "return on Equity" numbers as opposed to my casual on cash return numbers it makes all the sense in the world for me to sell.Wholesalers contact me at least once a month the past 10 years and are always asking if I want to sell one of my properties, but I'll be hard-pressed to ever find a wholesaler that wants to pay me for what these properties are worth and is also willing to buy all the properties in one transaction which is how I'm looking to sell.Given how good our return numbers are here in northeastern Ohio compared to the parts of the country I know that out of state investors would definitely be very interested in in this portfolio.