Lets add this mistake to my long list of Mistakes.

It gives them the breathing room they need now but doesn't lock you in long term at that lower rate. 

It's not hard, just takes a few minutes.Like I said above, I haven't been STR hosting for long.

For more bookings, consider promoting on social media or offering last-minute deals.Regarding ticket partnerships, local attractions or smaller groups might be more flexible than larger platforms like Xplorie.

Quote from @Sofiya Cherni: Hi,I noticed last year in Montgomery County Landlord-Tenant Handbook that landlords may no longer charge non-refundable pet fees.

After I fill the last vacancy, the building will generate as much cash flow in one month as its predecessor would have generated in a year.There are so many other stories whose origins are with that same knock on the door, but this one's already long enough.

Those may not pay off.Buyers:  There is a fine line between the first mover and the last sucker. 

The last partial payment they made to me was in December of 2023.

Verifying last 2 years of rental history very important!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.