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7 January 2025 | 3 replies
You'll see some familiar names thrown around a lot: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend you search for each app online and see what they offer, how much they charge, etc.
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3 January 2025 | 6 replies
Lower interest rate at 12% is $8,400 year ($42K for 5 years) plus his initial investment of $70K equals $112K.
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11 January 2025 | 7 replies
So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.
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9 January 2025 | 3 replies
Make it look super 'cute' and charge double!
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9 January 2025 | 15 replies
That means their pricing tool is designed to price beneath the rest of the market, which drags the entire market down, especially when combined with their algorithm changes a couple years ago that made pricing (IE lower prices) the #1 factor in ranking.Even if you use an external pricing tool, it gets dragged down by the people using Airbnb's pricing.
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9 January 2025 | 9 replies
I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.
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5 January 2025 | 3 replies
The first few times, I didn't charge a late fee.
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8 January 2025 | 31 replies
Now they are charging $395 per 1031 exchange!
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9 January 2025 | 6 replies
Most of these brokerages charge minimum fees to keep your license active while still maintaining your license.
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12 January 2025 | 8 replies
@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.