Is our price point too high?

Hey @Max Dauer, so during the high season, probably about 5 hours a week.

I would retort that one can deliver both low price and high quality to real estate brokerage.

In general, the booking lead time has been the lowest in years though (used to average around 40-45 days now its about 25-30 days) but our occpuancy rates are still as high as ever. 

Aside from that the biggest value add areas I see are as follows: Kitchens, Bathrooms, decks/patios (if added), additional rooms/bathsKitchens and bathrooms tend to be the go-to, but all of those can help you get the most bang for your buck. just keep in mind that if the area is already of high quality, then it may not be the best area to spend the money vs something that is blaringly in need of an update.

Due to the high interest rate, it is hard to make the strategy work -- the rent to price ratio needs to be very high (1.5%) to make positive cash flow.

Build an SMB on top of your real estate (the reverse of #2)Short-term rentals and high owner-participation real estate businesses can have great returns.Obviously not for you if you just want passive RE.We are in the deep end here, where each case should be judged on its own facts and merits by your CPA.You should hire a professional to review your particular situation before you make an investment.

There are plenty of sponsors that projected high-teens returns five years ago and delivered in the forties three years later. 

Quote from @Heidi Fischer: HelloI’m a high W2 earner and have been looking for a STR and finally went into contract but can’t close until mid-end of December 2024.

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.