A good manager can improve performance for a mediocre investment; a bad manager will kill a good investment.

It has been a steady performer for both appreciation and cash flow over the years.

Now if you've followed things this far kudos, and I bet your feeling some lumps.

For STRs, properties near the beach or downtown tend to perform well.Start Small and Smart: If this is your first property, focus on something manageable.

Airbnb gives you the best bet at getting both. 

This is a straightforward process that we’ve followed to consistently deliver high-performance properties, and it does not require secrets or gurus.

On the flip side, saving for another property could delay financial stability if unexpected costs arise.A Balanced ApproachIf you’re still torn, consider a hybrid strategy:-Focus on maximizing your current STR’s performance.

@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

My Glendale house still performs well, but it just seems to have a bit more on the member management side than the rest due to the members I have been exposed to. 

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.