Historically, residential US mortgage rates are near their long term averages.

So now we're rushing into an idea that we've had for a while: Short-term rentals.

In terms of a tenant that has paid before and had a lease, who refuses to now pay or no longer has a written lease - this is still a matter for housing court as they are a holdover tenant, not a squatter. 

So we went down a bit but never "crashed"2020-2022 was pretty nuts but not super crazy compared to 2018-2019 as most offers have been over asking price the first weekend since 2018May 2022 it dropped off a cliff though and 2023 was terrible in terms of inventory. 

My partner actually lives in the area that we want to invest in.The long term plan is to just use this as a buy and hold.We were planning on splitting all the repair costs.Great insight though, I think we will have to go back to the drawing board and see what type of property would truly benefit both of us.

In terms of making a unit legal, I was on a call last week with some alderman talking about the ADU program and some of the challenges.

Client Relationship Management: How can agents build and maintain strong, long-term relationships with investor clients?

What is your ideal terms of such?

Which is more rent reliable, best growing, both for cash flow and long term appreciation?

I do very well with the Airbnb income and do not want to turn it into a long-term rental.