
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.

6 August 2024 | 54 replies
If 2x, 3x, 10x the # of burger trucks flood onto a given street to offer burgers to the people, to meet demand 1:1 it has an economic effect of competion driving prices to REMOVE any bloat, any false margins, right.

3 August 2024 | 10 replies
First, it seems weird and possibly illegal for people at the county level to threaten to remove a state licensed contractors license and threaten it over 6k. honestly I would take 1k from the possible 6k in question and hire a lawyer.

2 August 2024 | 0 replies
I bought a triplex in Albuquerque that the prior owner had removed the mailboxes at.

3 August 2024 | 17 replies
Plus you can report on the people even to the limit of getting their sec8 status removed so the treat the property well so they can keep their section 8.
3 August 2024 | 4 replies
Also, air conditioning removes moisture/humidity from the interior airspace, and nearly every home in the Carolinas runs AC during the warm months.Crawlspaces tend to be where the majority of problems occur.

2 August 2024 | 3 replies
If you're in an area with mainly young families or maybe an older generation who just want to live by themselves and not be bothered with people living in the same structure as them, then the home is probably less valuable.One thing I do with some of my investments is to convert it in a way that is easy to be removed.

3 August 2024 | 28 replies
Not sure about the context here... a W-2 and 6 rentals might seem steep... but were there a bunch of hair on your rentals?

1 August 2024 | 4 replies
Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.

2 August 2024 | 4 replies
It ended up costing us $50,000 in additional expenses across 25 windows because once we changed the windows, we had to bring the framing around the windows up to 2023 code - which required removing the already installed windows and reframing each window down to how the studs were strapped with metal straps down at the floor.