The increase to expenses has been a challenge.

With @Michael Baum on this.Another angle of thought - who would have a better chance of success challenging Airbnb TOS:1) A "brand" with 5 units2) A brand with 500 units?

Happy to be a resource as I know all of this is challenging.

Plus, investing in new construction has meant fewer headaches and better cash flow for us over time.Real estate isn’t without its challenges, but it’s hands-down the best way we’ve found to build long-term wealth.

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

I’d love to hear from others who have navigated similar challenges or have insights on improving profitability in the short-term rental space.

Challenges?

Challenges?

Any unique challenges?

Those were challenging times, but they also presented unique opportunities for investors who could navigate the market conditions.