Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

It seems like everyone is doing the standard rate and no one is challenging it. 

I'm not underestimating the work and unique set of challenges that come with it by any means.

But they are falling behind quickly and encountering more and more challenges ie Crime. phila2035.org

That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

@Melanie AlzugrayInvesting in a resort you and your family enjoy is a fantastic approach.

I am in North Georgia and looking for my next investment property and I see how challenging it is to make the numbers work.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

A balanced approach often works best—consider splitting your cash flow between paying down the mortgage and investing in diversified assets.

Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.