Carlos, that’s a jaw-dropping figure… $563,313 in interest paid!

With a STR you have to drop everything to deal with anything that may arise.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

Feel free to drop a piece of advice or let me know if you'd be interested in connecting!

Alternatively, you would need to drop your rents by $500 or more to have the same impact on your cashflow and your value.

So is it equally illegal when the large landlords drop rental prices in a building as vacancy increases and the market softens?

Or is that something you have to find on your own by dropping off business cards?

Pittsburgh ranks #5 on Marcus & Millichap’s list of high-yield multifamily markets.Pittsburgh’s unemployment rate (4.7%) has dropped by 17.5% over the past 5 years.Pittsburgh is experiencing a demographic shift.

Drop a post on this thread if you're interested in a quick call to share learnings.

Now that demand is cooling, values are dropping.