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23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
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18 October 2024 | 0 replies
The biggest rent decreases were seen in Nashville (-4.8% YoY), DFW (-4.0%), Denver (-4.0%), and Austin (-3.7%).
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21 October 2024 | 18 replies
The biggest thing though is wherever you invest you hand select a great team to help you get started from a great realtor, contractor, property manager, and attorney
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18 October 2024 | 2 replies
What are the biggest pain points you've encountered when trying to find distressed or off-market properties?
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19 October 2024 | 7 replies
Have a few properties fully paid off, earmark 50% of the revenue as future capex repairs, other 50% has FCF.
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19 October 2024 | 15 replies
Also, it depends how good of a deal you get and how good an operator (or the one you work with) are.Assuming you buy the "right" property in the "right" place overseas, you'd typically have a higher unlevered ROI overseas because a) a like-kind property would be cheaper and b) the (high) season could be longer and therefore the revenue higher.The US used to have the advantage of the financing (availability + interest rate).
21 October 2024 | 1 reply
Down paymentThe down payment is one of the biggest upfront costs when buying real estate.
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12 October 2024 | 1 reply
I’m just curious, what was your biggest wholesaling fee, and how much were the taxes on it?
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17 October 2024 | 16 replies
Which lender was it, and what were the biggest problems you faced?
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18 October 2024 | 3 replies
OH ya remote rehab can be the biggest challenge there is..