I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use.

It’s an underrated market that still offers solid cash flow and equity growth, with lower competition.

While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

I think the best ways to check out the competition are to go on sites like Furnished Finder, check Airbnb/VRBO (for 30+ day stays), and look on Zillow as well for furnished 30+ day stays.

Many Realtors are bitter because you are effectively competition on what could have been their listing.

This way, you’re not at risk of losing all your hard-earned feedback and visibility, which could set you back in the competitive short-term rental market.It's essential to find a PM who can work with you in this setup, as it's a balance between functionality and maintaining your property’s reputation online.

This is assuming the rental has been on the market for a while, is priced competitively, and the asset is in good condition.If you aren't getting enough qualified applicants, you can adjust 2 different things; the qualifications or the rental amount. 

Go talk to the the current PM....ask them about property performance, asked about rent bumps on upgraded units, ask about the competition and go visit. 

Their compensation is hidden as they build their compensation in to the rate, so they are typically not as competitive as a broker on interest rates, who has to disclose all compensation.