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2 October 2024 | 48 replies
Ideally I'd be able to run my own A/B experiments but I imagine there are tons of PM's in here that already have all the data.
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2 October 2024 | 5 replies
I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!
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30 September 2024 | 5 replies
Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F
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4 October 2024 | 13 replies
There were a few other things I believe which are destroyed including carpet which was newly installed a week before she moved in, but b/c it is 7 years, I can't do anything about it from what I read on this forum and other people asking these questions.
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4 October 2024 | 22 replies
Quote from @Bill B.: Charge $2,000/mo market rent to a new tenant then mail old tenant $500/mo forever.
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30 September 2024 | 4 replies
I have a D&B account associated with it, a bank account(I will be moving to another bank at some point in the next few months), and I have a business credit card.Should I dissolve the LLC, or change the name?
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30 September 2024 | 10 replies
@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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1 October 2024 | 7 replies
In most cases, affected taxpayers need to fill out and attach Schedule B to their tax return.
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2 October 2024 | 22 replies
This is covered under Regulation X (1024.5(b)), outlined here: https://www.consumerfinance.gov/rules-policy/regulations/102...
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30 September 2024 | 8 replies
Do you focus on one specific class of property, A,B,C, or D class properties?