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22 November 2024 | 13 replies
So you're absolutely right from a PMS capability that some of the major players include Hospitable, Guesty, Lodgify, Ownerrez, etc.
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25 November 2024 | 10 replies
I use one unit as my primary residence and have been using the other unit as a mid-term rental (~1-3 month stays) to cover the majority of my mortgage.
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25 November 2024 | 7 replies
The majority of investors I work with after using this form more or less break even on the rental business which makes it a non event and very little impact to your debt to income ratio.
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20 November 2024 | 9 replies
Along any major road heading out of the city.
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18 November 2024 | 13 replies
If there is evidence of intentional destruction of the property, you can call local police authorities, but in my experience, they do not get involved in any situation that "smell" of civil action; they will simply tell you that it is a civil matter.
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21 November 2024 | 7 replies
For now all you are going to see is more of the same because the vast majority of inventory is being held by people with 4-sub 4 rates and they can't/won't want to afford elevated prices and 6+ rates.
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25 November 2024 | 21 replies
Not sure if I'm missing something.Look at it from a perspective of even if your tenant is sec8, majority of the time they still have to pay 30% of the rent.
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21 November 2024 | 20 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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24 November 2024 | 7 replies
For example, they lost a fairly major battle when they tried to argue that only licensed professional can manage short term rental properties.
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22 November 2024 | 20 replies
Over and over, you can be constantly evicting and replacing appliances and doing major repairs.