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28 November 2024 | 13 replies
I've got 2 condos, a 2 bed at Maui Banyan and a 1 bed next door at Kihei Akahi.I'd definitely agree with @Patrick Franta - from my experience as well, the 1 bed unit has performed better.Also props to @Mike Neubauer for sharing his knowledge and experience with me - I'd definitely recommend you take him up on his offer if you have questions etc.I recently heard that the County of Maui is considering a ~50% increase in property tax for short term rentals from the current $9.37 rate to $15.41, equal to what time share units pay.
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27 November 2024 | 16 replies
Note I am not stating I find this ideal, but if an operator has outstanding performance record, I may be able to tolerate sub-par communication.
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21 November 2024 | 9 replies
I'm brand new to real estate investing and currently live overseas in Japan.
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27 November 2024 | 15 replies
Pricing, we are about $10 to $20 below market, even though we are a brand new facility.
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24 November 2024 | 19 replies
It offers a learning curve that prepares you for your own property investments and builds a brand that people trust.
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23 November 2024 | 9 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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25 November 2024 | 18 replies
Like @Jay Hinrichs said, it's just cheap insurance..... my clients that buy my new builds will do sewer scopes as well.. we have not had any bellies but we have had debris and rags etc stuck in them.. better to find them up front than to have a back up in a brand new 750k home LOL..
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26 November 2024 | 13 replies
Hey Justine,You can indeed perform a cost segregation study on a property that is currently your primary residence and is being converted into a rental.
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22 November 2024 | 5 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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22 November 2024 | 1 reply
I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.And that’s what sets high performers apart from the rest: taking action when most people hold back.If you’re just starting out, remember, one conversation could change everything.