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25 July 2024 | 3 replies
My question is that is there something that prevents investors from getting into ybor??
26 July 2024 | 12 replies
That is a smart idea to prevent anything negatively happening with your loan.
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26 July 2024 | 4 replies
I'd look into Air BnB, VRBO, Furnished Finder, PadSplit, and perhaps even booking.com (I know a lot of STR operators use this, not sure of MTR potential but worth checking out).
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26 July 2024 | 3 replies
This prevents them from reducing rent, signing new 5-year leases on tenants you didn't want to keep, or other shenanigans.4.
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25 July 2024 | 5 replies
However, the condition of the property was much worse than anticipated, which prevented me from further negotiations.I have a rough estimate of the necessary repairs, but the challenge is that an investor might see this as either a full gut renovation or a moderately heavy project.
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25 July 2024 | 0 replies
High interest rates are preventing existing homeowners from selling, so Buyers are turning to new construction homes.
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25 July 2024 | 10 replies
Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.
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25 July 2024 | 7 replies
I don't know what the ratio is, I'm just pulling that number out of thin air.
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26 July 2024 | 8 replies
At least I know it's sitting on their credit report and preventing them from harming someone else.
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25 July 2024 | 8 replies
Next time, consider implementing a RUBS system to prevent this issue from happening again.