I think we have enough software in the STR world lolWhat if we made a guide to increase occupancy rates that centers around marketing, guest experience, and ways to stand out in saturated markets that isn't simply "buy more amenities"?  

It was a 50% of one months rent and a $100 increase in rent. 

I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

Combined with increasing supply, what could this reasonably do to MF market and syndications near term, ie next 1-2 years? 

Make sure the zoning, local building department/regulations, and neighborhood allow you to put a tiny house on your property and rent it out.If that is not possible, using that money for the next property makes sense.In general, I think increasing housing density will help provide more badly needed housing affordably.To Your Success!

That said, weigh the cost of renovations against the potential increase in appraisal.

I’m trying to increase my presence to the local renter population.

If you have a high level of faith in the company you are working with, then time will do what it is supposed to do and increase your IRR.