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All Forum Posts by: Salvatore Ross

Salvatore Ross has started 10 posts and replied 30 times.

Short-Term & Vacation Rental Discussions

Post: Deposits and Fees

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17

Is anyone charging a security deposit for guests? If so, how much and why? 

Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?

0 Votes
Short-Term & Vacation Rental Discussions

Post: Pet Friendly Pros vs Cons

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17

I am considering making my vacation rental pet-friendly or maybe just dog-friendly. 

Any pros vs cons? 

Any positive stories? Any horror stories?

Any different/unique pets that you welcomed?

Any tips on what to supply guests with for their pets?

Any tips on how to promote and ensure guests follow policy?

2 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @Brady Mullen:

This is awesome, Salvador!  Best of luck to you!


 Thank you Brady!

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @Dmitriy Fomichenko:

Congratulations Salvatore!


 Thanks Dmitriy!

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @Brandon Carlson:
Congrats @Salvatore Ross . How did you forecast your gross and net profits?

Quote from @Salvatore Ross:
Quote from @Juan Barros:

congrats! I am new also and wanted to ask what is your plan? How much is the Piti and how much you plan to make a month? Short term rental? I would eventually like to own something by the beach.

Thanks Juan! I have it live on both AirBnb and VRBO as of this week and booked my first guest for this weekend. My PITI is $2950. This STR market fluctuates in seasonality, but I anticipate on making $70k gross and $20k net.


 Thank you Brandon! I leveraged a number of tools and data sets to forecast my gross, and used a str specific calculator to figure out my expenses.

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @JD Monroe:

Congratulations! Great area to be investing in. 


 Thank you JD!

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @Alyssa Alayvilla:

Congrats, Salvatore! 


 Thank you Alyssa!

1 Vote
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @David A Lisowski:

Our LTR HOI went from $1,362 to $4,086 with no changes to the policy or coverage.

Our escrow (and mortgage payment) increased nearly $1,000 per month.


 Wow...are you currently shopping around for new policies or working with an insurance agent?

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @David A Lisowski:

@Salvatore Ross

Congrats!

Interested to see how this turns out.

We got hosed on insurance recently....


 Thanks David! How did you get hosed?

0 Votes
Real Estate Deal Analysis & Advice

Post: 1st Investment Property

Salvatore Ross
Pro Member
Posted
  • Property Manager
  • Miami, FL
  • Posts 30
  • Votes 17
Quote from @Emily Holbrook:

This is awesome, Salvatore! Congratulations and the best of luck. 


 Thank you Emily!

0 Votes