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1 July 2024 | 6 replies
But if you want to do super detailed drawings and create 3D models, then SketchUp would be the software I’d recommend.
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2 July 2024 | 5 replies
As of now, most banks don't recognize the split model and only run numbers on the LTR units since they feel those units are guaranteed income.
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3 July 2024 | 36 replies
And you also need to be super careful about their 1-yr contract if switching to different a pay model (We are dealing with them for $27000 early cancellation penalty now) Although they have many functions such as generating one listing from Guesty and pushing them to all different platforms, we realize that pushing to multiple platforms is not necessarily generating more income.
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1 July 2024 | 8 replies
This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.
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7 July 2024 | 89 replies
If two people have the same NOI after debt service, but one has fewer doors, that model is most likely more efficient.A few years ago I had several more "doors" than I do today, but my ROI has increased due to re-focus and efficiencies.
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2 July 2024 | 16 replies
The model he flipped is called the Levittown Rancher, even though it's not actually a rancher lol.
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2 July 2024 | 108 replies
Things change when the wholesaling operation actually purchases the homes and then resells, but that's a completely different model.
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30 June 2024 | 5 replies
Does climate risk factor into your investment model?
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29 June 2024 | 8 replies
I have an appliance company I call who matched the model of the existing appliances with the same dimensions and took payment over the phone.
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29 June 2024 | 6 replies
The tenants we typically get under this business model tend to be workaholics and they rarely complain about much (so far) so I haven't had any issue.