
24 November 2024 | 19 replies
I recommend looking at reviews on their Google Business Profiles to get some selections. 2.

7 December 2024 | 150 replies
Annualized from the 30 days start to finish is 2085%...but really 'you don't need a calculator for that deal'....A Duplex in Toledo, we got the note for 16K give or take a few dollars, reviewed the collateral file and found that it had deed in lieu already recorded by the borrowers without the banks permission.

19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!

18 November 2024 | 12 replies
On a smaller building this might be a bit tight, but as the buildings scale up I find that this metric is a good spot to be.

18 November 2024 | 9 replies
When you're listing has no reviews, at lot of people pass over it, no one wants to take the chance.

14 November 2024 | 3 replies
A very, very rough metric that you can possibly use to get an idea is 1/3, meaning if a new home may sell for 500k, then a developer may be able to pay 165k per paper lot, but of course there are so many variables, but that can give you a rough idea.

20 November 2024 | 14 replies
If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.

19 November 2024 | 21 replies
I'm too old to remember to check for reviews before I leap, but at least I haven't yet lost a stove (on this one)... ;-) While I wait for delayed communication from them, I am looking for alternate management in the Canton area.

18 November 2024 | 0 replies
It now cash flows ~$3,000/month with over 100 5-star reviews across Airbnb, VRBO, and Booking.com.

19 November 2024 | 5 replies
If you are struggling moving the deal I would either review the deal again or target more buyers.