I would recommend matching old reservation rates and offering free gifts to secure good reviews and booking momentum. 

We have been lowering rents for lots of our tenants to match market rents and reduce turnover.

By buying this new asset you will be exposing yourself to risk, which is good if the returns match it.

I tell people if they can match their current rent or do better then it's likely worth it, but you may need to get creative on the cash flow part if you only plan on living their a year or two.

Focus on finding a professional with a management process that matches your requests.

For those of you that have good w2 income and want to take advantage of employer matching (100% return!)

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

and maybe change the water once or twice per year).I always consider 40% of what sales person say, matches the actual performance.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Do the condition of the units match market rents?