I think it will be initiated at the state level and implemented in how courthouses record deeds, liens, judgements, etc. 

For me I look at us as a Ritz Carlton style brand so we are going to be implementing this to drive up ANR and occupancy and become #1 in our markets.  

We appreciate your cooperation and understanding as we implement this program to maintain the integrity and quality of your community.

We reviewed this deal from one of the major brokers as a potential value-added implementation, however this does not pan out with our current underwriting assumptions.

Another strategy we might also implement would be house hacking that next house, to reduce how much cash flow we would need.Thanks!

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Last, urban blight all-too-frequently accompanies many of these policies.But, on the whole, the coordinated set of policies implemented in places like San Francisco and Oakland, CA seem to just be incredible tailwinds to investor returns over long periods of time.

Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

Renovated all apartments, converted M2M tenants to annual leases, instituted strict rental criteria, implemented online payment portal, invested $75,000 into leasehold improvements (HVAC, drainage, exterior paint, concrete.)

Next time, consider implementing a RUBS system to prevent this issue from happening again.