The price decreases are due to both the decreased returns to investors possible at a given price point as the cost of debt financing increases, as well as some dumping of assets due to redemptions (looking at you, Blackstone) and the inability to refinance properties that had been purchased in 2018-2021 with high leverage floating rate debt. 

Thanks Yes, property insurance is an operating expense and decreases your NOI and cash flow.

Sure others may book before us if their calendar was already open BUT by the time my calendar opens demand has hightened as availability has decreased meaning I believe I get higher ADR.

*data provided by Washoe county assessorThe rental market in the Reno/Sparks area experienced a slight increase in rental rates in Q4 compared to the previous quarter, decreasing by $41 to $1,612.

I'm working on saving for the down payment which for me is a positive because from everything I've heard we are looking for rate decreases in the next few quarters.

When prices are low, more people can buy, resulting in decreased demand for rental properties so rents fall.What causes the imbalance between buyers and sellers?

This should relax as we expect to see rates begin to decrease. 

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Every year, rents increases, outstanding mortgage balance decreases, you may refinance into more ideal lending terms also.