Given that the property is located in a C/C+ neighborhood with a tenant pool that may not be the best, and with many neighbors owning pets, I'm debating whether to replace the carpet with LVP (Luxury Vinyl Plank) flooring from the outset.I have a cat, and while he's generally well-behaved, there's a chance he might pee on the carpet if he feels threatened by other animals (read: if the other animal is inside the same living space as him).

I have 5 LTRs: 3 lower-end units and 2 top level luxury units.

For Section 8 rentals, focus on practical updates that meet program standards rather than luxury finishes to maximize returns.

Then it will receive feedback from data such as click-through rates and booking rates to determine if it is a top property.With this I suggest that you take time during the slow season to scout your competition and upgrade amenities and photos to put your best foot forward.Obviously not everyone has the luxury to do this, but it will give your listing the best chance to take its place among the top results for your sub-market.Others may have valid opinions to the contrary, and I suggest you consider what you know about your market.

The softening in multifamily rents, in some markets, is largely attributed to the supply of new luxury product coming on the market.

Currently have 4 rental properties and a good amount of equity which could allow me to break into larger real estate (multifamily, self storage, luxury str).

I agree with rents, especially with the increase of developments pushing "non-luxury" unit prices down.

Specifically, listen to Rachel Gainsburgh who has a unique approach to offering "luxury properties" and targeting insurance placements.

Thus, by virtue of that statement, there should be a tendency to stay local.

However, it may be a smaller space with less luxuries (you could always take lower income and rent or airbnb out the ADU and live inside the main house).3.