All Forum Posts by: David Dickerson

Hey All,

Anyone know the breakdown of what AirDNA uses to calculate the expenses on their rentalizer tool?  They give revenue, expenses, and profit.  I'm just curious if those expenses include property management, property taxes?  cleaning? repairs and maintenance?   "Etcetera Etcetera Etcetera."  -King Mongkut   Thanks all!  -David

@Michael Baum  the competition has 2 and 3 day minimum stays.  which is all fine until the ordinance starts getting enforced.   thanks for the ideas.

Hi guys,

Anybody have a kosher way to work within a 7-day minimum stay statute?

"LESS THAN 7 DAYS PROHIBITED: Short-Term Rentals for less than 7 days are
prohibited."

Thanks everybody!

You guys have shared a lot of good info that is really helpful.  Now it's time I act on it, or sell this bad boy!  It's a flipper, but the market has surely slowed here in Anderson, Indiana.

Thanks again!

-David

Hey Smart Peeps!

anybody have suggestions on insurance for vacant properties?   i've notice local reps don't get too excited about our vacant houses (when we're remodeling them to flip).  So far we've used Vacant Express, but am looking to see if there is a more affordable option.

Thanks,

David

Hi smart people!

i want to invite others to invest with me in some multi family.  What are the best ways to structure this?  I want to maintain control and be able to purchase larger deals than I can you on my own.   

example:. I would put in $150K, then raise say $350K more.  Then we could purchase a $2,000,000+ property.  I would want the investors to have only 350 of the 2,000 "votes".  Also want to know how to structure easy exits for investors if they choose to leave.    Any books about this specific issue?   How to legally structure things and keep good investor relations.  And is there a way to sell to investors a $1.00 piece  for $.90 since I'll be doing all the work.

thanks, David