.🔮 Future Outlook: Despite the spike, experts predict a dip to the low-6% range by 2024.

Your listing at $610. including heat seems quite low to me, especially with the predicted colder than usual winter expected.Unusually high demand is quite often an indication of below market pricing.

I believe the market will start becoming more cash-flow friendly once the market starts to balance out - which could be a few months to a few years, I wish I had a crystal ball to predict this change.

I am going to make some crazy predictions about your potential future landlording:1) You will become close(ish) or friends with at least 1 or more of your tenants2) You will accept late rents beyond what most landlords would accept - maybe due to #13) You will be fine with it because you place a very high value on long-term tenants4) You will deal with more tenant BS than most owners..

Hard to predict. 

., annually or monthly).IRR does not consider the actual dates of the cash flows; it only considers the amounts and the timing (periods) of those cash flows.It's commonly used to evaluate the profitability of investments where cash flows are predictable and occur at regular intervals, such as fixed-income investments or projects with evenly spaced cash flows.XIRR (Extended Internal Rate of Return):XIRR is an extension of IRR that can handle irregular or non-periodic cash flows.

Consider offering promotions or discounts during low seasons to stimulate bookings.Fixed Rates:Advantages:Provides a clear and predictable pricing structure for guests.Can simplify management and booking processes.May attract guests looking for stable, non-fluctuating rates.How to Work With It:Set rates based on thorough market research, taking into account competitive properties and amenities.Adjust rates periodically based on seasonal trends and any significant changes in the local market.Combining Strategies:You can use a hybrid approach, with dynamic pricing during peak seasons and fixed rates during slower periods.Remember, regardless of the strategy, it's crucial to regularly monitor performance metrics and adjust your pricing strategy as needed.

I think there is always an agency problem here, so a tool to help manage that will be helpful.I am curious what data you used and how you predict owner age based on the addresses.

Credit score is not a be-all-end-all in terms of predicting how good the tenant will be.

@Javier Rancier What do you predict will happen in PR?