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5 August 2024 | 17 replies
Make a list of places you would love to visit regularly and start digging into the market.
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5 August 2024 | 27 replies
The market rate for a full-service STR co-hosting company is 25% gross after cleaning fees.On average the following would be included... 24/7 guest communication, vender oversight, weekly updates on the OTA listings, make sure maintenance and deep cleanings get done...but owner pays the expense, stain removal on linens, marketing the property, keep supplies stocked...again owner pays the expense, keep property guidebooks updated (digital copy and hard copy), security (locks, cameras etc.) oversight, bi-weekly pricing software management, walk the property regularly, provide monthly reports, and obviously any guest problems that arise time to time.
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3 August 2024 | 10 replies
It's your regular bracket rate capped at 25%.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
2 August 2024 | 19 replies
I'm an investor and agent for investors while also having a regular job but I think the answer can often be the same for someone full time investing and "part time" investing.
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2 August 2024 | 2 replies
I didn't say anything about him not moving in and for that year I struggled to cover the regular bills myself causing late mortgage payments and other things.
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2 August 2024 | 10 replies
I assume you’re simply trying to get a regular investor loan in your own name for 50% of the value to pay off the other heir?
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9 August 2024 | 184 replies
Lets face it, the regular buyer/seller aren't that sophisticated, so somebody has to 'lead them around by the nose'.
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2 August 2024 | 4 replies
Also know that if you hold your property for less than a year, it's regular income taxes on your profits.
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3 August 2024 | 13 replies
If for some reason you need to rely on regular adverse possession instead of tax sale short statute of limitations, it requires ten years of possession after color of title.