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5 August 2024 | 17 replies
Make a list of places you would love to visit regularly and start digging into the market.
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1 August 2024 | 4 replies
The average temperature in the United States is 50 degrees, but if you are standing in Death Valley or Gnome, Alaska, what you experience may feel very different.In the handful of MSAs that I monitor, I'm seeing YoY rent changes from (2%) to 8%.
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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.
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3 August 2024 | 10 replies
It's your regular bracket rate capped at 25%.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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2 August 2024 | 20 replies
That permits you to easily transfer the bills if the unit becomes vacant and monitor that each tenant is actually paying the bills and keeping the property in working order so to speak.
2 August 2024 | 19 replies
I'm an investor and agent for investors while also having a regular job but I think the answer can often be the same for someone full time investing and "part time" investing.
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2 August 2024 | 2 replies
I didn't say anything about him not moving in and for that year I struggled to cover the regular bills myself causing late mortgage payments and other things.
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1 August 2024 | 16 replies
This is especially true the finer the market is.I see a lot of different strategies from serial investors I work with regularly, and would be happy to learn more about your finer details as such.
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2 August 2024 | 14 replies
You need to monitor your borrower and your collateral.