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8 January 2025 | 14 replies
We do charge a pet fee, and it has helped with any extra costs a pet guest has incurred.
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8 January 2025 | 10 replies
Your PM fees for LTR will be more in the 10-12% range, while for STR it is more in the 25-30% range (and don't forget about GET/TAT).
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11 January 2025 | 420 replies
Now if you add a guru in to consult for you at a monthly fee, you just made the situation much worse.
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29 December 2024 | 1 reply
Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees.
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4 January 2025 | 11 replies
My lease has a sublet fee (2 weeks is guest by lease more than 2 weeks in a year is sublet) that is costly enough ($100/night per person which is about what a cheaper hotel is here) that makes sure tenants do not have others move-in without informing us.
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4 January 2025 | 14 replies
Second, as sponsor you want a 1 - 2% annualized return asset management fee AND 20% of the profits after the investors get their money back.
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29 December 2024 | 9 replies
I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.
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31 December 2024 | 2 replies
You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.
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12 January 2025 | 20 replies
As you get larger, you can typically get better management fees, but you typically won't shift from a flat percent to percent + payroll until you get closer to the 40-ish unit range.
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12 January 2025 | 20 replies
Sometimes you can find a large enough company that you can sub everything out to them and get paid on a commission or flat fee basis, or you can get the property platted and sell it that way.