Hi.I have a rental in McKinney tx.I rent it out back in 2022 for $2300 and the increase it on 2023 to $2400.It's been the same tenant and it is time for renewal.

This surge has driven property prices up and attracted more folks to the city for work.

The driving factor is that there are 20-30 percent more rentals on the market than there were a couple of years ago - particularly in the outlying areas - while visitors to the GSMNP has only slightly increased in 2023 over 2022.  

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No STR won't ever be a thing of the past, does no one pay attention to the increase in bookings and even users on the OTA's.

In Venice, my old rental just came on the market..It was previously $4500/month and asking $6500. lol Coastal California in particular (or anywhere on the Pacific Ocean - including Mexico) has become increasingly unattainable for most investors or retirees.

This assumes that the improvement increases the value of the property, and the points are directly related to those improvements.

If the property is located within the official boundaries of an urban renewal or urban redevelopment district, then you are entitled to be paid for anything at all you do that increases the value of the property.

However these types of low-return deals are not attractive to an average friend of mine.

It is more so an annoyance than anything as this money would just be set aside for future purchases but I already am considering the suggestion of @Wayne Smith by increasing late fees and also filing notices earlier in the process.