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15 November 2024 | 17 replies
The rule I plan to enact is paying myself 10% of the revenue generated from wholesaling quarterly.
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17 November 2024 | 16 replies
To that end, I made a Google sheets document with every hospital system in GA along with the following data:CityZip CodeRentometer 2/X (what a 2 BR, any bath) goes for on Rentometer)RentRentometer 3/1+ Rent (what a # BR, 1.5+ bath) goes for on Rentometer)"Minutes to home" (how far a drive it is for us)"Staffed Beds" (measure of how big a hospital is)"Total Discharges" (a different measure of hospital size)"Patient Days" (yet another different measure of hospital size)"Gross Patient Revenue ($000)" (you guessed it, hospital size)Map Searches & Housing Requests (this and everything below was from FF.com stats page)Furnishedfinder.com Page ViewsTotal RoomsPrivate Rooms % UnitsHotels% Whole Place > 2500 %Whole Place > 2k < 2.5k %Whole Place > 1.5k < 2k %Room > 1500 %Room > 1k < 1.5k Page view per roomThis allowed us to narrow our search to hospital systems near us (less than 2 hours) in a less competitive market (higher page views per room advertised on FF.com) with a significant % of units being rented on FF.com at higher rents (more $).
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18 November 2024 | 35 replies
My biggest pain point is rounding up help to move them in and out, as I'm a solo self manager.
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12 November 2024 | 17 replies
STR PotentialWith $40K in annual revenue, reaching $1,000/month in cash flow will require some adjustments.
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12 November 2024 | 1 reply
Thinking of trying to market to a handful of homeowners that would like us to manage the STR for a % of revenue.
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15 November 2024 | 16 replies
While the homeowner gets to take the revenue and real estate tax benefits.
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14 November 2024 | 25 replies
Yes, these platforms need revenue to survive and typically the easiest way is charging a monthly membership or per transaction fee.
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17 November 2024 | 33 replies
We have late fees, pet fees (though less these days with the whole service animal abuse), parking fees in some cases, storage unit feeds, coin laundry revenue etc... it can add up.Good luck.
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17 November 2024 | 8 replies
I think your biggest concern would be the pre-payment penalty that comes with most DSCR loans.
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13 November 2024 | 4 replies
We joined Bigger Pockets to learn how to grow revenues and profits through the next several levels of business.