These systems are becoming more sophisticated and (my favorite) capable, leading to improved user experiences and potentially freeing up human employees to handle more complex tasks and interactions.

This PM company is clearly out of their depth even though they told me last month that they had hired more staff and were making improvements to their processes.

Say you paid 100k 6 years ago and have done nothing to improve the property value.

., through streamlined property management, lower maintenance costs, and improved operational systems), we’ll have the flexibility to adjust rents strategically in a way that supports affordability for specific tenant groups, like workforce housing.Generating Income Beyond Rent:The portfolio’s income isn’t solely reliant on rents.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Additionally, smaller properties (2-4 units) tend to have lower cap rates because they qualify for conventional financing, which impacts the math.If you’re struggling with cash flow, finding off-market deals or considering seller financing could be a good way to improve the numbers.

Certain amenities can drive bookings (e.g. having a hot tub) but don't necessarily improve guest satisfaction.  

This upgrade not only improved comfort but also significantly modernized the property.

At my point in life everything I own is both a cash flow superstar and appreciating nicely, because I'm invested in growing, popular areas.If I was just starting off now, I'd probably be aiming for value-add in good areas where I could either live there while improving the unit(s) - ie a duplex, triplex - or where I could trade sweat equity for profit, or both.

For improvements to our process, I’ll say yes to all showings and update and reduce the # photos.