Hello everyone,
A family member of mine owns a short-term rental property in Downtown Miami and is looking to increase both occupancy rates and revenue. I’d greatly appreciate any tips, strategies, or insights you mi...

Your clients are motivated sellers.You can NOT convert people who do not want to sell  (below market value) into people willing to sell below market value.The mistake people make (constantly) is their efforts are based on forcing non-motivated sellers to sell, by constant harassment.This is wrong.Instead of mass mailing blanket mailing,  and putting your energy in finding random people and forcing them to become motivated by putting a ton of effort and money into follow-up, you need to focus on targeting the RIGHT people.People who are actually looking for your service.Hopefully, it changes your perspective and you can improve your business.

Are you looking for more cash in hand to boost your lifestyle?

Evaluate the numbers and your time energy lifestyle for managing rentals out of state and how those align with your why you're investing in RE. 

You can also write it off as a business expense and there could be additional tax benefits for energy efficient home improvements.  

Do you have any tips or systems in place that have boosted your property's ROI?

I am really trying to unleash my inner Cody Davis energy lol. 

This is a solid, predictable income stream.Low debt: With only 7 years left on the loan, you're close to owning it free and clear, which will significantly boost cash flow.Diversification: Keeping the fourplex provides diversification alongside your other investments and W2 income.Local market knowledge: You likely have a good understanding of the local market after 10 years of ownership.STR potential: Michigan has some attractive STR markets, especially in tourist areas.

@Chris Seveney I agree everyone should focus real energy on building a stellar network. 100% agree.

**Energy Efficiency Grants**: Look into local and federal grants for energy-efficient improvements.