We dont supply washer and dryers- most tenants in our market have their own and we don't get higher rents for having them. 

They started off in the one-off single family home modular designs but in the recent years have acquired facilities across the US to really ramp up supply to meet the demand of the market especially here in LA for developers looking to big large affordable multifamily housing.

If this trend in the supply of homes for sale increases again next month, we will see price softening.

Even though this area is the #1 travel destination, they "continue" to overbuild and over supply STRs to the point they have killed the golden goose.

And you'll have to make decisions on supplying linens and consumables, which many MTR guests expect to be included. 

All real estate transactions, whether purchase, sale or rental, prices are determined by market supply and demand.

The difference on why prices went up and not negative is cause supply was even more curtailed than their was demand.

Despite losing an attack on this rule two years ago, the rent board is trying again to regulate everyone that invests their nesteggs to expand the housing supply. 

Currently, the market is still short on supply so when putting in offers you need to put on the 'seller' hat and think what they would want.

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.