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31 October 2024 | 7 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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30 October 2024 | 3 replies
So, a value like "-4" means the guest shortened their stay by four nights, and a positive value like "30" indicates an extension of the stay by 30 nights.As for the "nights" column, it usually shows the final total number of nights after any adjustments have been made.
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31 October 2024 | 4 replies
If a rental/lease contract is a legally binding document...enforced by collecting rent...or enforced by an eviction process if rent is not paid....then can there not be a document (legally binding) for a tenant to sign that would relinquish their rights as a squatter or due process of eviction...
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30 October 2024 | 12 replies
Some will collect first, last, and a deposit equal to a month of rent.
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1 November 2024 | 17 replies
I do think in this instance, a better resolution is to negotiate an extension with your current hard money lender, and get your credit to at least a 700+ for better terms.
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30 October 2024 | 4 replies
Happy to have a further conversation as I work extensively with non-US citizens.
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4 November 2024 | 12 replies
Our partner lives in North Dakota, the STR is likely to be in Florida (I plan to shop after BPCon 2023) but we are planning for the LLC to be in CA due to their fee collection.
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31 October 2024 | 4 replies
Some properties require only cosmetic upgrades, while others may need extensive repairs to meet local codes and buyer expectations.
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1 November 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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8 November 2024 | 22 replies
There is really no risk of you losing your investment as long as it is insured and you do your job as a landlord … fill the property, collect rent, maintain it.