26 February 2024 | 18 replies
Keeping the PM in-house through your turnkey provider is the safest option moving forward IMO.At the end of the day, they have your best interests at heart and want to do their best to deliver in real life the returns promised to you on paper.The grass isn't never greener on the other side and for another PM company you will just be a number and they will look at margin and making as much profit is as possible from each client.In-house PM through your trusted turnkey property is offers a different approach and in many instances comes with a reduction in misc fee's and costs.Just my opinion and wishing you much success
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26 February 2024 | 32 replies
ZERO risk to investor and all was already covered during our 60min call).9) Investor never sends the deposit.10) Investor doesn't reply to follow up emails, txt's or phone calls.11) Investor rudely tells my assistant to remove him from the list and hangs up on her.There you have it folks.Another day in the office and again just one instance out of hundreds that I could write 13 books on what we have experienced since 2014.I guess the lesson is that we all need to be "Kings that cry poor".It seems like nobody is happy, if you're happy and nobody wants you to do well and make money.Everyone seems to want the best deal possible for the lowest price possible even if that comes at the detriment to someone else.I'm exaggerating but from a philosophical standpoint, human nature is to feel "more accomplished" and "more satisfied" when knowing someone else pulled out the shorter straw.It took me many years of self reflection to master this internal concept of "understanding, empathy and compassion" toward others...Would love your thoughts on the above?
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26 February 2024 | 5 replies
We've backfilled plenty of pizza huts, boston markets, etc that have single tenant free standing buildings and generally these buildings are highly desirable for other uses as well, we are often shopping for a medical user for instance.2) There is usually another restaurant operator looking to backfill a space and not have the buildout cost associated with a shell space.like with all things in real estate its a spectrum, and what you are looking for in a return, flexibility, and budget will generally narrow what is feasible for you and your search.have you given any thought to the above (ie returns, budgets, other uses)?
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26 February 2024 | 11 replies
In Clear Creek and Gilpin counties, for instance, in the mountains west of Denver, they have caps on the number of short-term rentals.
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28 February 2024 | 130 replies
In most instances if you are reliant on outside capital, there will come a time where you are forced to sell which is usually not in the best interest of the underlying asset or the sponsor.
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26 February 2024 | 9 replies
For instance, here in Lake Tahoe, South Lake Tahoe recently banned STRs everywhere except in town centers where guests can rely on public transport and promote more walkability.
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25 February 2024 | 7 replies
(business license tab)A business license is required in instances where the owner is active in the management of the rental property.
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26 February 2024 | 50 replies
For instance you could be house hacking to have someone else pay your mortgage right now.
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26 February 2024 | 11 replies
For instance, one of our properties generated $34,130 USD in December and $29,021 in January, showcasing the earning potential with strategic management and investment in property enhancement.
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24 February 2024 | 6 replies
For instance if you are looking for a more boutique level of service, or help executing and developing a trade area search and targeting strategy, then the costar awards and the CBRE's and JLL's of the world might not be what you are looking for.