This prevents them from reducing rent, signing new 5-year leases on tenants you didn't want to keep, or other shenanigans.4.

You may also want to confirm that your estate planning is in order to ensure that someone can seamlessly step into your shoes to deal with tenants in the event of accident or death.

However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.

High interest rates are preventing existing homeowners from selling, so Buyers are turning to new construction homes.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Next time, consider implementing a RUBS system to prevent this issue from happening again.

At least I know it's sitting on their credit report and preventing them from harming someone else.

Moderate rent bump this year has prevented it from going down any further.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M. 

I'm looking for ideas on how to handle a potential bust cycle and prevent it from blocking my progress towards acquiring a second property.

If they refuse to leave, you can evict them, which could show up on their credit report and prevent them from buying a home for the next seven years!