Collin Hays
Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
It happens, you don't hear about it because escalation of it does not let the plaintiff find much juice in the squeeze cause there's proper protection in place.
Harish Pasupuleti
New Investor Seeking Guidance on Out-of-State Properties
19 September 2024 | 29 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Justin Brin
What insurance covers short term rental by the room for a single family house?
17 September 2024 | 8 replies
(S)he should have access to a number of insurers and policy types.I checked with Proper and Steadily and both do not allow more than one booking in a house at the same time.I'm wondering if there are any other insurances that do allow it?
Juan Mazo
RE investing next steps?
18 September 2024 | 3 replies
In either case she’s paid the proper amount of taxes, just shows she owns properties when she doesn’t.
Christina Colon
New owner- Tenant question
16 September 2024 | 13 replies
They pay and you coordinate is always the best course of action to ensure it is being done.
Maryann Fialdini
Seller signed Warranty Deed over to buyer so tax foreclosure stopped
16 September 2024 | 10 replies
@Maryann FialdiniDefinitely get an attorney as you want to avoid her claiming she was induced to sign and it was a predatory situationIn the future never give money, pay for anything or take a deed without going through proper peopleYes it’s Monday morning quarterback but it is sound business practice.The only way this will get resolved now is through a lawsuit or cash for keysWhat is she trying to claim btw ?
Elias Azo
New to Househacking
19 September 2024 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Van Lam
Property in bad neighbor
18 September 2024 | 19 replies
The first step is to make sure that you are marketing the property properly and on all platforms.
Jennifer S.
One Electric Meter for Two Units
17 September 2024 | 24 replies
If it were me I'd pass or do a substantial escrow holdback until you knew if things were properly permitted, etc.