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22 March 2024 | 10 replies
You can add services and upsells the clients foot the bill for, like spa/massage/private chef rather than pouring more capital into the property.
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23 March 2024 | 12 replies
Worked ourselves out of income here lolVacancies lowMaintenance repair requests lowNeed to cause some drama so we can start putting some food on the table lolJokes.It's interesting though how if you do a good job in property management you kind off work your way out of being able to generate more income.I guess it's a good problem to have from a performance and ethics standpoint.What do you guys think?
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23 March 2024 | 8 replies
@Kim LeJeuneI have to assume that it was a rental house, as opposed to your personal residence or a flip.Each monthly payment has 3 components: interest - taxable as ordinary incomereturn of your principal - not taxablecapital gain - taxable at various ratesYour down payment has components #2 and #3.Interest should come from an amortization table.
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23 March 2024 | 4 replies
I just came to the table for some open advise.
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22 March 2024 | 15 replies
Best thing for you to do is massage your past guests into returning on a direct book and make an extra 10 -15% without increasing occupancy.
24 March 2024 | 25 replies
Most people haven't done very many deals though, that's why they benefit from working with a professional.Some recent examples in my 1st hand experience... last year I witnessed a FSBO seller leave $400k on the table.
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22 March 2024 | 13 replies
If you're someone that brings value to to the table, it should be a no brainer for loyalty given you're working with a decent human.
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22 March 2024 | 10 replies
Negotiating can be a headache without an experienced agent – you might miss stuff or leave money on the table.
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21 March 2024 | 1 reply
Rough numbersPP 175,000Rent 1,800ARV 240,000Rehab ~25,000There is another offer in the table so I’m thinking I’ll pay Closing costs.
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21 March 2024 | 2 replies
A little background:The property is a 1920s home in a flood zone on the south shore of LI and is affected by flooding and rising water table.