First Step After Picking a MarketInstead of just running numbers on MLS listings, learn the market dynamics first.

Either they expected change that hasn't yet materialized, or they didn't understand the local dynamics.

We found that two key factors significantly helped us succeed with our short-term rental (STR): using NightlyPricer instead of AirDNA and opting for Safely Insurance.NightlyPricer: Rather than relying on AirDNA, we chose Nightly Pricer, which provides more dynamic, real-time adjustments based on demand, local events, and market trends.

With a couple more years of elevated inflation the affordability issue will be softening too.What i am trying to understand are the reasons and the dynamic of what is happening there.

I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

If you understand how to screen very well, communicate with them respectfully and can somehow understand the dynamics of the community, you will be ok.

The major pieces of information you are missing include NOI which includes deducting all of your operating expenses from your gross rents sans debt service, market dynamics (what are vacancy rates and asking rents like in the market the building is located in?)

Hospitable), a dynamic pricing software (e.g.

Dubai is a dynamic city with great potential for growth.

I see neighboring properties of mine that are a comparable size and I know they use dynamic pricing of some kind, but no one has exactly the same price as me.