As my portfolio grew, I became laser-focused on the work in front of me.My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ.

As my portfolio grew, I became laser-focused on the work in front of me.My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ.

They will under cut and do whatever to squeeze 3rd party sellers.

@Jason Stofer if you don't have a support structure to tap into... the unhappy answer is that there is no short cut. 

Then, run a rental stress test on the new STR assuming a worst-case scenario—like converting it to a long-term rental with a 30% cut in future rents.

Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes. 

So I'd be doing my best to get the highest possible rent/revenue but without needing or counting on that.What you refer as cut-throat competition exists in every market where you have demand.

The agent will have access to the biggest platform to get the property sold though, the MLS, so forgoing even a cut rate agent will create more of a loss than the agent fees themselves. 

Upper levels with slanted roof lines cut into living space which is very outdated and much of it becomes deadspace. 

Quote from @Matthew Kwan: For those who are currently shopping or looking for a loan since rate cuts has been a hot topic.