The younger renters want to feel a part of something bigger than themselves, opt for smaller living space, and want more convenient amenities. 

For our first investment in VR, I wouldn't even think about doing it somewhere I couldn't get to in under 2 hrs, my $.02.We've found the Cape to actually be a decent place for VR properties as they command a high rate in season and you'll get it, as long as the place delivers value for guests be it location, amenities, uniqueness, etc.

Unless the layout of the unit is rather awkward or you decorated à la Ralph Furley, the main reason for poor uptake (IMHO) is the value proposition  - the cost does not align with the amenities for the area.

. $700 HOA fee is way too high to be profitable as a short-term rental or long term regardless of the amenities at the building.

Also if the electrical or plumbing issues happen outside of few feet of your unit, then its not your responsibility and HOA reimburses you the cost.3) Better amenities.

We add the extra grab bars in showers and change all doorknobs to door handles. but think new Covid-19 changes to construction and new technology like the standing wheelchair will change many things like the counter height. so waiting for them before any new conversions. lots of new tech for the blind so making all units Smart Building ready for 2021 will help. as many amenities as you can add will increase your rents in the right areas.

You can check out comps in the area (i.e. similar square footage, amenities, # of bedrooms, etc.) on Zillow or utilize a rent comparison report.

We look for nice and safe and clean with average amenities but nice things like coffee makers, hair dryers and black out curtains for the night shifts.

Thank you and Amen!

What amenities to add, what finishes to use and who our target renters were.