There tends to be less competition from every day home owners who need to move in the spring/summer before the new school year starts and thus the possibility of having more leverage on sellers.

DIY Basement BuildoutFinishing the basement for around $25K could improve your STR competitiveness and increase rental rates.

Also most of my units are super nice so rent is already at a higher premium than some of the competition charges.

Challenges included navigating owner hesitations, coordinating renovations within budget, and managing high expectations for occupancy and pricing in a competitive rental market.

., Mexico, Costa Rica) for diverse, stable cash flow.Invest in Multi-Family Value-Adds: Consider multi-family properties in growth areas like Texas or Florida where rehab can increase rental income and appreciation.Leverage Trusted International Partners: For global investments, work with local agents familiar with foreign buyer regulations to streamline acquisitions.Use Property Management for Scalability: As you grow, property managers can handle logistics, especially for out-of-state or international assets, so you can focus on new opportunities.For specific market insights or connections, feel free to reach out, I’d be happy to help.Best,Drago

Watching you two go back and fourth is more insightful on what to expect from possible colleagues and competition.

These apply to investors, co-hosts, or property managers who aim to create an exceptional guest experience in this competitive industry.

Legal competition has cut the cost of a Reg D offering from $25,000 to $8,000.  

Your plan to start in Erie is a great one because you have a competitive advantage there, being from there.

Suspect that’s sufficient for most US-based hosts since other channels are more popular with the globally channel managers like BookingAutomation, Lodgify, and others but is a gap for attracting international stays. 2.