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20 May 2024 | 4 replies
I don't know of any resources set resources, it reminds me of when I was starting a food truck back in 2012 there wasn't much web presence or resources.
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23 May 2024 | 80 replies
Scroll down the page and look for cities above the line for good performance.https://www.airdna.co/blog/best-places-to-buy-a-va...A word of warning - from someone who’s spent waaayyyy too long playing around on the AirDNA web site: they measure profit as revenue minus mortgage.In many cities, a large chunk of the high airbnb revenues come from very specific highly desirable properties in highly desirable areas (e.g., baller properties that are downtown or oceanfront or lakefront, etc).
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20 May 2024 | 5 replies
Make sure you're working with a reputable business and double check they have insurance.
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20 May 2024 | 13 replies
The first 2 things you want to build is your REPUTATION and RELATIONSHIPS.
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22 May 2024 | 48 replies
I personally have a very strong reputation in the Detroit market as well as here on BP.
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24 May 2024 | 42 replies
Everyone can just point the finger at someone else.With a true turnkey model "one stop shop" per se, the penny drops with the turnkey provider and only they are to blame as most genuine turnkey providers will put their name and reputation behind their product/operation.Just my opinion.Thanks
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22 May 2024 | 74 replies
., pressure test assumptions, look at GPs past performance vs their projections, etc.) before I make a contribution so this definitely feels like a good group to be a part of.Some GPs who have seemed reputable are still putting in assumptions such as 5% annual rent increases (which is insane in my mind) to get to their exit figures.
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23 May 2024 | 35 replies
Further, if a buyer has a great reputation, strong financial statement, and is just temporarily cash short, I’d consider selling a property I own to him for “nothing down”.
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22 May 2024 | 30 replies
Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...
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20 May 2024 | 6 replies
I am ready to start acquiring turnkey properties with long-term rentals in mind and am currently seeking recommendations for reputable turnkey providers across various areas in Florida.