I can already picture the instagram pics guests will post with whatever words they think are funny or cool or whatever on this giant scrabble board.Now I don't think that this scrabble board itself will be such a revenue increaser, but it is one of many amenities that I put in this cabin to build that entire fun package for the family.So I am definitely in the boat of adding that unique factor to each of my properties if I am able.  

Yeah I think the STR "bubble" Dave Meyer was referring to on the podcast was a potential perfect storm of a handful of forces colliding:- 2nd home demand drying up due to 1) increase in rates/ decrease in affordability, and 2) people moving back into a more "normal" way of life in their primary homes post-pandemic/ lockdowns- Decreases in STR guest demand from the pandemic highs (i'm seeing 10-30% declines in a few markets I'm following, but this isn't true everywhere)- The fact that many investors bought in at pandemic highs with only 10% down and will be underwater if home values in their markets drop more than that- The fact that some investors based decisions off of super high pandemic STR revenue averages that Airdna uses to project income ... and invested in homes with razor thin profit margins- The compounding effect a recession in the economy would have on the above issues (more people selling their 2nd homes, and further declines in STR guest revenue)Definitely something to ponder ...

Hello BiggerPockets Community,Right off the bat, thank you for any advice you can give.I’m trying to understand what my options are for additional revenue streams for a property in a SFR or MultiFamily zone, since what’s possible in certain zoning areas seems vague.As I understand it, you cannot establish a business in an area zoned for multifamily.

Revenue generation, 3. 

I was able to get ahold of the financials for one particular unit, and even though it was renting out at a high rate, almost all the revenue was being wiped away by HOA and fees.What I’m curious about is that you are able to not be apart of the hotel rental program and rent out units on your own which will remove a majority of the fees.

That's interesting Samuel - does leasing make up a large/meaningful percent of the PM revenue? 

As noted, AirDNA can give you some basic metrics on the revenue side.  

Take a hard luck at their revenue for the last three years and what they have on the books this year. 

I understand the biggest downside would be now paying taxes on revenue but Im  willing to do that to build the credit to potentially help me obtain my 2nd property.Thought? 

If you are using revenue numbers from the last couple of years to guide you, you will likely be disappointed.....seems like we are back to a new normal where the rental numbers were 3 or 4 years ago.