There are a lot of owners that have great purchase prices and 3 to 4% Interest rates that bought 5, 10 or more years ago.If you want to jump into the STR market game now in competitive markets you better run your numbers conservatively and you need an appealing location and property to be competitive. 

Prioritize high-ROI renovations such as kitchen and bathroom upgrades, flooring, and enhancing curb appeal.

In addition, the appeal process is filled with subjective determination. 

I also like to start on curb appeal immediately, I like to make the neighbors allies.

It’s a modest home, and we aim for broad appeal with a neutral, updated look that attracts a wide range of buyers.

Major cities often attract a steady flow of renters due to job opportunities, lifestyle appeal, and proximity to amenities.2.

The cost of entry in Red Deer may be appealing to many as well.

Some landlords may inadvertently incorporate or omit these terms into their leases when using forms obtained online or from out-of-state sources.New WI Court of Appeals Ruling The Wisconsin Court of Appeals ruled in April 2024 that when a lease contains an illegal provision that renders it void, the landlord can be ordered to pay back all the rent the tenant has paid under the voided lease.

While that’s appealing, the added complexity with tenant turnover, varying personalities, and managing shared spaces can make it a bit of a trade-off.I’m curious, how does it look in other markets?

While nearby multi-family duplexes might slightly impact the appeal for certain buyers, they shouldn’t necessarily lower the resale value if the house is well-renovated and priced competitively.