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17 November 2024 | 9 replies
Cost Segregation is a great tax planning tool.
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13 November 2024 | 5 replies
I've come to the same conclusion for my properties when it comes to dynamic pricing tools.
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12 November 2024 | 1 reply
Hey there, I'm new here and was checking out the "find markets" section. As an army veteran, I was SO shocked to see that city on there. I was just curious if anybody here has any personal feedback on investing in tha...
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19 November 2024 | 14 replies
@Vanessa LuleEstimating Occupancy Rates: AirDNA is a great tool, but it can sometimes be hard to verify actual occupancy.Hidden Costs in Monthly Expenses: Besides rent, utilities, and cleaning supplies, don’t forget to budget for:- Maintenance and Repairs: Minor wear and tear costs add up, especially in short-term rentals.- Platform Fees: Airbnb and Vrbo charge around 3% per booking.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).
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14 November 2024 | 8 replies
Research the market, use data analysis tools, build a team with experienced professionals, and practice deal analysis.
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14 November 2024 | 4 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
11 November 2024 | 4 replies
Now that I am retired, I am eager to: 1) Gain hands-on experience in flipping homes in Florida, 2) Find properties with potential for value-add/forced appreciation, 3) Partner with experienced home flippers for collaborative projects.
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13 November 2024 | 11 replies
@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).
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14 November 2024 | 12 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.