For one, the rental income tends to be lower than with short-term stays due to the necessary discounts, yet we still face most of the usual costs, aside from savings on cleaning and supplies.

Adding rooms does create the potential for more conflict but carefully thought-out floorplans, designate wet and dry storage spaces, and provide supplies.

In NYC the demand is lower in the winter but the supply is also lower so apartments rent fairly quickly still (typically within a few weeks).

I have a pro account so I can buy materials at places like Home Depot at the same cost, but not at electrical supply and lumber yards.

In my professional opinion- supply currently exceeds demand throughout most of the city.

Are you going to supply the down payment and how much equity are you willing to give them?

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

If the new administration focuses on boosting housing supply or implementing tax incentives for real estate, we might see positive opportunities.

He's a really smart guy when it comes to supply, demand, rent control, and overall investing