An 80% occupancy rate indicates low demand. 

Whereas owner occupant buyers are looking at comps, sold prices for similar nearby properties, and don't care about cash flow. 

     Just a reminder to everyone doing short term rentals to check with your county to see if you need to be paying a hotel occupancy tax.

Our occupancy during our off season is near zero.

Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

I emphasize the importance of utilizing professional photos, videos, and online presence to enhance property visibility.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.

I removed the chimney and added modern HVAC, making it the only house on the block with it, significantly enhancing its value.