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21 May 2024 | 10 replies
@Juan VargasCredit card stacking is an easy to to ruin your credit and go into massive consumer debt at an extremely high interest rate.
21 May 2024 | 5 replies
Don't trust a conglomerate that has incomplete data and is built to sell leads to real estate agents and trick consumers into thinking they can make contact with the listing agent.
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21 May 2024 | 1 reply
Open floor plans, movable partitions, and multipurpose furniture are increasingly popular among Millennial homebuyers.Digital Savvy and Tech Integration: Growing up in the digital age, Millennials are tech-savvy consumers who expect seamless integration of technology into their homes.
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24 May 2024 | 100 replies
The answer depends upon where the property is at (local regulations and political headwinds), interest rates, unemployment-employment, household debt levels and consumer confidence, cost of getting there (airfare, gasoline prices, etc), cost of running the STR etc.
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22 May 2024 | 27 replies
Clermont (just West of Orlando) is building a $2 billion athletic health and wellness community (Olympus) with over 4,000 homes and retail to match.
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20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.
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23 May 2024 | 43 replies
These factors would include the numbers of properties that can be managed efficiently; the amount of capital their acquisition consumes (which is function of their down payment and financing terms), the quality and durability of the income stream they produce both in times of inflation and recession, their fiscal independence from government subsidies, and the time one must spend puffing out fires in order to continue to function.
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22 May 2024 | 31 replies
Good for if you are waiting for a good/better deal, or perhaps if you are trying to consolidate funds from a bunch of smaller properties so you can do a larger deal, etc.Not to say 1031 isn't good, but just have a healthly attitude towards paying tax, its what you do if you are making money.
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20 May 2024 | 11 replies
Emphasize the importance of maintaining a smoke-free environment for the health and safety of all residents.Impose Penalties:If your lease agreement includes penalties for smoking violations, make sure to enforce them.
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20 May 2024 | 27 replies
Unless they are planning a ton of preventive health operations/community health outreach they are just putting a band-aid on a broken bone.