With my increased AirBnB performance, I decided to turn 2 other rental homes into short term rentals and decided it was worth investing in proper training to make sure I was doing it right. 

However, for the purpose of a healthy and helpful discussion, I invite you to the the do the following exercise to get the facts first:1.

We own a mid term rental in Temple that has performed very well.

This exercise will help you establish which of the two properties best aligns with your long term goals.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

All my units beat average occupancy without discounting rates, but the mission beach units are not performing like they were shortly before covid.  

These risks include, but are not limited to, lack of liquidity, limited transferability, conflicts of interest and real estate fluctuations based upon a number of factors, which may include changes in interest rates, laws, operating expenses, insurance costs and tenant turnover.Investors should also understand all fees associated with a particular investment and how those fees could affect the overall performance of the investment.

The lender Bank was being bought by a larger and needed the non-performing loan off of the books made the deal even sweeter. 

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

Use the actual NOI, not the pro-forma b/c that is how the property is ACTUALLY performing.