Adding rooms does create the potential for more conflict but carefully thought-out floorplans, designate wet and dry storage spaces, and provide supplies.

For one, the rental income tends to be lower than with short-term stays due to the necessary discounts, yet we still face most of the usual costs, aside from savings on cleaning and supplies.

Are you going to supply the down payment and how much equity are you willing to give them?

It would be new furniture and updated appliances, but still need to think of capital expenses.Basic Supplies (tp/shampoo/paper towels) - $200 per monthCleaning - $250?

In NYC the demand is lower in the winter but the supply is also lower so apartments rent fairly quickly still (typically within a few weeks).

You can search on Google, attend REI meetings, or explore Facebook groups.People invest a lot of time and energy in generating off-market leads, and connecting with reliable, reputable sources who supply quality deals can be a game changer.

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

Most are $150+  Do you ask the property owner to supply them or pay for them as part of onboarding?

If the new administration focuses on boosting housing supply or implementing tax incentives for real estate, we might see positive opportunities.

He's a really smart guy when it comes to supply, demand, rent control, and overall investing