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4 October 2024 | 5 replies
I'd have no issue if they mailed me or scraped TOT info to reach out etc, but to use a businesses platform to market and take revenue away, and have to disguise your contact info to do it...no thanks.I realize some of that is just the name of the game, and plenty are ok with prospecting this way but for me you can use the demographic of STR owners without directly sourcing via the competitions platform.
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3 October 2024 | 9 replies
Sometimes they have off-market properties they’re ready to sell, and that’s a big win for you (less competition and more opportunity!)
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4 October 2024 | 8 replies
I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use.
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4 October 2024 | 17 replies
It’s an underrated market that still offers solid cash flow and equity growth, with lower competition.
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2 October 2024 | 5 replies
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.
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3 October 2024 | 1 reply
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.
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4 October 2024 | 13 replies
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.
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3 October 2024 | 23 replies
Many Realtors are bitter because you are effectively competition on what could have been their listing.
4 October 2024 | 7 replies
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.
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3 October 2024 | 11 replies
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.