Or you want to leave the STR industry? 

If you think about it in any industry less transparency and more friction in the transaction will increase fees/commission vs reducing them.I like the idea as an investor of having different agents, a team of agents maybe 3-4 bringing me deals, but I think less of that will happen now as all will have to have you sign some kind of agreement up front. 

So you cannot just look at industry Cap rates alone unless you understand an operators abilities for higher yield on costs.BAM Capital is becoming an institutional investment company in multi-family Real Estate with Brokers.

Look for sponsors that have been in the real estate industry thru several economic and market cycles.

I’m guessing that is because of your pessimistic view on the economy right now, but even if the markets dip temporarily, based on history, they will rebound to even higher points (I know just cause it’s happened before doesn’t guarantee it will happen again).Personally I have a successful business, but opted to diversify into real estate because my industry is heavily regulated and one change of a law could make me MUCH less profitable.

At BPCON2025, you'll learn from industry leaders, connect with like-minded investors, and discover pathways to financial freedom.

We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

It offers a great opportunity to learn the ins and outs of the industry while building a network. 

Like most service industries, there is nothing more important than the human touch as that is what people relate to and feel comfortable with.

There are other ways to be part of the real estate industry besides being an investor and those may be more financially advantageous for you.