Cody Z.
Short Term Rental Co-Hosting & Management Fee Survey
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.
John S.
Is this the proper way to run a portfolio with multiple LLC's?
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.
Account Closed
Quitting everything for full-time investing, big mistake?
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.
Dan Green
Partnership Issues / Landlord Summons
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.
Nick L.
My failure at the Milwaukee County Sheriff's Sale
31 July 2024 | 27 replies
the "regulars" who have their turf battles (or hmmm, ya think anyone might ever cut any backroom deals on who goes after what?
Jefferson Black
DSCR Loan on a Manufactured Home
1 August 2024 | 6 replies
if its an investmenet property - there are not many ( if any) lenders doing regular or DSCR loans on rental MH homes
Martin Yates
Refinancing an inherited house
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?
Diane Tycangco
Hard Money Loan First Then Refinance
31 July 2024 | 7 replies
I was talking to an investor who told me if he bought my property, he would borrow money from a hard money lender for a few months and then refinance with a regular lender.
Kohl Nibarger
Newbies!!! Starting Fresh
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.
Daria B.
Insurance companies and renting to students -undergrad, grad, back to school over 50
1 August 2024 | 0 replies
Her response was that if it was a student I could only get insurance from one specific insurer that is the state insurance (FL) and they are just as or more expensive as other regular insurers.