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15 August 2024 | 0 replies
I’m on the board of a small camp in Crofton, NE (near Yankton SD) (~120 beds, 80k budget) and we have had insurance policy adjustments in policy and costs for last 4-5 yrs.
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15 August 2024 | 57 replies
So $100/unit decreasing in inflation adjusted dollars with time and a property loosing value in inflation adjusted dollars.
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16 August 2024 | 20 replies
We do not drain our hot tub after every guest, but we do test and adjust the chemicals, vacuum it (sand) and skim the top if needed after every guest.
21 August 2024 | 182 replies
But a free market will adjust it.
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15 August 2024 | 0 replies
Many listings are adjusting their asking price at least once while on the market.
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16 August 2024 | 10 replies
I'm an investor and I'm looking for the best possible risk-adjusted returns so you and other readers might have the same objectives.I'm only interested in STRs for maximum profitability and because the other strategies generally aren't worth it.
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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!
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14 August 2024 | 51 replies
You guy made those changes and the premium went up more than double and you charge the customer credit card automatically.
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14 August 2024 | 12 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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15 August 2024 | 7 replies
Naturally we push the limit to the point that the Housing Specialist might request a small adjustment to meet the calculations.