All Forum Posts by: Mario Alexandrou

@Michael Galesky Welcome to BP from the north of Wisconsin.

@Chester Knapp I think you are taxed differently  if you go the air b-n-b route compared to renting the conventional way. I am definitely no tax expert but it's something to consider.

@Carlos Velasquez thanks for all this great advice and suggestions. I have a good PM company who run a very tight ship. I know I should be doing my own management, but at the same time I'm trying to buy another two similar properties very close by, so putting all my time an effort into that first. Once all is stabilized I will rethink my management skills.

Pure gold about starting a bidding war.

Thanks again Carlos

Great to have you on board @Robert George, I to am from Africa, Zambia, and have passed thought Nairobi many times on my travels to Europe and America.

@Carlos Velasquez yes you are very right, this is not a flip, but I'm also trying to attract a higher rent for the same space. Not sure if your able to to see any of the photos I tried posting. These are all 2 bedroom  1 bath units, they have been getting $500 rent, I am trying to attract $750 -$800. Each unit is going to be in the 45K - 50K. This upgrade will put this at approximately 1.5 rent ratio, not that this means much now, but gives us something to improve on, at the same time hopefully these units will not need much maintenance for a while.

I am still not able to post photos, not sure if your are able to view any of these attachments.

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@Bryan O. Thanks Bryan, yes it is really exiting, we have started renovating two of the units, so this project will certainly be an eye opener for me.

Great news for BP.

@Ramon Jenkins Not quiet sure how to post pictures yet. Working on it.