Reduced competition and higher prices for renters.RealPage, of course, denies this.

Miami seems very interesting, but maybe too competitive... what do you think?

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

I'd run your numbers based on that to understand what a realistic offer would be to most people and then see if you can be competitive. 

It's pricey and competitive, but stay in your own backyard, consistently look for deals, and you'll find a great asset.

Yes, the more units you go up, generally the less players in the game so there is some advantage in purchase competition as you go up, but also more management scale and cap ex for someone who is new.3.

You purchased in 2020 so you're experienced in high-demand, competitive markets.

I would say that your QI should be competitively priced, but the lowest price is not always the best. 

Check your competition and make sure your are under them if reasonable to do so.

The real estate market has evolved a lot in the last few years, with more real estate investors making it more competitive and interest rates cutting severely into margins and also slowing down buyer demand (when trying to get out of a property).