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18 February 2025 | 2 replies
Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.
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6 February 2025 | 10 replies
I now offer "limited service" as a PM for 10% which includes marketing on 20+ channels, 24/7 guest communication, daily pricing, automations and software connections, but it is 10% of revenue.
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17 February 2025 | 6 replies
@Stephen Schroeder it would be fantastic for PMCs to be able to charge owners as you describe, as owners might then truly appreciate everything their PMC does for them.Unfortunately, no one has yet devised how to practically do this.So, PMCs' absorb most office & admin expenses and are compensated for them via the monthly fees they charge their clients.
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10 February 2025 | 12 replies
Focus and consistency are going to be your best friends.Also, I wouldn't tackle buy-and-holds right now unless you currently have a high cash flow revenue stream in place.
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18 February 2025 | 35 replies
Listings were published in a book and realtors kept all the keys in their office there were no lock box's you had to go to the listing brokers office and check out the keys.
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9 February 2025 | 2 replies
For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.
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1 February 2025 | 2 replies
We have grossed $300k in revenue over the first 12 months of operation, at a ~50% profit margin.
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10 February 2025 | 1 reply
Clear office, Sheriff’s office, and law firm associated literally didn’t provide any information.
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13 February 2025 | 1 reply
Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).
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24 January 2025 | 4 replies
Annual STR revenue for 4bed 4bath cabin is estimated to be about $45,000.