All Forum Posts by: Paul Wallace

Hi!

I'm just about to get started in the MN market.

What is everyone budgeting for Maintenance, CapEx and Vacancy in the MN market for duplexes and triplexes?

What COC returns are you trying to hit before you pull the trigger?

Best,

Paul

Hi Jon,

I outlined the duties above.

Hi - sorry, perhaps I wasn't clear. I am the owner of a hotel condo in Miami Beach. I am looking to hire a relation of a colleague i have in another business as a 'safe pair of hands' to check people in and out, manage keys, arrange cleaning and check for maintenance required but not to manage the finance or reservations. I am thinking of paying this person 10% of revenue and wondered if that was reasonable and fair. I am trailing one rooftop as my booking platform.

Hi,

I have a condo/hotel in Miami Beach which i will be self managing nightly from June 1st.

What reservation system/Channel manager would you recommend?

How much would you consider acceptable as a percentage of revenue for a person to manage the property (check guests in, check guests out, arrange cleaning etc). I will handle the reservation and booking side.

Best,

Paul

@Brad Moncado What type of reservation software and system do you use?

I have a hotel/condo zoned for nightly use in Miami Beach that i am looking to self manage starting June 1st.