Mark Simpson says the STR market is shifting toward automation and creative financing. Subject-to deals and seller financing are opening up as many owners who overpaid are underwater and willing to hand off their mortgages.
Chapters
Able to reduce the overstead and overhead and execute on some of the automations and technology that we use in the traditional STR world and taking them into the commercial space. I also think that there's going to be a ton of opportunity, yes, for co hosting, but also for the creative financing, you know, whether it's subject to deals, whether it's seller financing deals. A lot of folks that bought the wrong deals that are now underwater, they're, if they try and sell them with the way that the market is now, they're probably going to take a loss or, you know, have to come out of pocket, basically to sell that property. So it's a prime environment for doing subject to deals where you basically just take over the mortgage. I think there's going to be a ton, A ton, A ton of opportunity for that. So.