In November we have seen the same exact pattern – inventory increased, prices are dropping, and the time to procure a qualified tenant increased.

We will research occupancy rates, and report on outcomes.I am disgusted by the accusation, if true, made by this recent member, and while this is the most egregious situation to date, it's part of a disturbing pattern.

Due diligence on the borrower should include a review of the borrower's previous communication patterns with previous lenders.I personally live this one with one of my borrowers, who basically ghosted me once they received the moneys from the loan.

Largely is because renters are not going to watch their electricity usage patterns, which makes it is hard to dial in the right system config to anticipate the load.

Each renter profile comes with its own booking patterns and renewal needs, as you mentioned... but we find that a 30day rental period with option to renew and automated reminders to the renter works great!

There is a batch of brand new people with no real estate investing experience who hop on the welcome train (maybe to be nice, but more likely to boost posts) over and over with very patterned opens.Glad to hear it.

But I have seen a lot over 9 years and the patterns continue to play out.

If you must have carpet, go with something neutral like you mentioned.Darker tans or something with a speckled pattern would be nice and hide stuff.

Hi @Marc Shin - In the past, I used a 3/4" marble for a condo MTR....it actually turned out very nicely. 

I’ve see exactly the same pattern of wildly optimistic night rates and occupancy claims 2x what they are in real life.