That means that there is now competition between hosts and you have to give people a reason to book your unit over another hosts.

Both strategies have potential here, so it depends on your goals:Strategy 1 (Duplex) can be a solid choice for building equity and generating cash flow, especially in Austin’s competitive short-term rental market.

Obviously I want to keep my costs low but still want to spring for amenities that would give me a competitive edge compared to other rentals.

However right now it is VERY competitive in the tax lien market so it is going to be very hard to find something good.

If you would like me to double-check check your current preparer is providing optimal services for a competitive price, let me know!

Land priced right, zoned correctly, market analysis great and potential competition low.  

Since few lenders have the stomach to do this, it’s also been a great competitive advantage for our business.This horrifies almost every private lender I know.

On the other hand, a hot tub might cost more but could yield a higher ROI in competitive or high-demand markets.Data-Driven Insights: I also use tools like AirDNA or PriceLabs to analyze local trends.

Include them even though they aren’t your competition. 

Does anyone have any advice for people starting out in this competitive field?