., 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?

Predicting the future is impossible.

What appears to be a quality tenant was obtained in the time frame promised and at the rent price predicted. 

I'm comparing several websites to market via SMS (text messages), and am wondering if anyone has any input (either positive of negative) on the effectiveness of this technology as it relates to RE.Originally I was using a list of cell phone numbers purchased from http://www.cell-phone-list.net in conjunction with a predictive dialer to reach potential customers for a RE related project I'm involved with.

Nobody can predict the future with certainty, but based on historical trends we are not at the low point in a real estate cycle.As the market has continued to improve, the deals and opportunities have gotten harder to find.

Chris's point is and its true first year is pretty predictable.. its subsequent years that no one has a crystal ball on..