Embracing FlexibilityBe prepared to adapt to unforeseen circumstances.

As a host, adapting to these changes not only ensures competitiveness but also enhances the overall guest experience.

I just want to know how people have adapted to this market so that I might also be able to acclimate.  

Adapt and adjust your prices until you get lead flow.I don’t think you should give up and sell without trying to rent out the 2 bed 1 bath.

Often, this is done to adapt to market changes.

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The avalanche of new government programs, new tax laws and rules, new reporting requirements, government (lack of) processing and responding, ever-changing technology including adapting to all-remote work - all of that creates an enormous strain on our already thinly spread resources, often resulting in longer delays and lapses in service.

But, things will adapt in time.

If the ground rent is way below market and a booming area you almost want them to leave and go elsewhere if you can backfill for another stronger tenant that resale has lower cap values for with higher pricing.You need to determine the age of the building and cost to retrofit it or adapt it to something else.

I am based out of North Jersey and find myself constantly adapting to new strategies and ideas for my investor-clients.