Hi BP Community,  I need some advice/guidance...I own a STR that I've leased out to a corporate housing firm.

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He was collecting rents in person and giving the original tenants breaks…so when we took over and put it on a PM with firm rules basically all the original tenants skipped out (2 were evictions which stayed until the sheriff came).

Well-defined criteria must have a firm count of the following factors:Unit countLocation (Neighborhood Grade)Year builtROIRehab Scope NeededOccupancyUnit MixFor instance, I have the following set parameters in my criteria and I never deviate from it (no matter what!)

Everyone seems to be advising you to adjust to suit the tenant's desires.

I look forward to connecting and building relationships with individuals who share the same passion and desire as me!

@Adrian RaeHis logic is sound and this strategy makes sense if you don’t have time to fix a property, don’t have the knowledge to fix a property, don’t have the desire to fix a property

Not nearly as profitable as desirable vacation locations but still does better than long term rentals.

Agreed about mission valley doing well over the long term the river revitalization projects as well as the new stadium development really excited us, of course you can’t anticipate appreciation but we think mission valley will be a desirable location for the foreseeable future for sure. 

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