Spot on @chicagohost. When the income comes based on a listing site, anything can change overnight. I will say once again…long time owners on Homeaway are now selling after many years or even a decade. It’s not even necessarily due to oversaturation - but completely due to the listing site changing the rules.
Sites like HA are doing “artificial saturation” in order to make you drop rates. If you don’t discount…you don’t get shown or buried at the bottom. If you don’t reduce your rates, then we show other properties an hour away ahead, etc. You don’t’ want to risk being reported by police with your finicky neighbors…then we will move up those places who have instant book and don’t vet - then the police can come and their house is trashed. Then we will ask you to call us to help fight against bans on STR. It’s the never ending cycle.