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12 November 2024 | 7 replies
It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!
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11 November 2024 | 8 replies
That was the biggest benefit that came up time and again was the amount of time that they stay in the property reducing turnover.
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20 November 2024 | 37 replies
When evaluating long-term real estate opportunities, keep in mind the four key pillars of investing:Appreciation – Focus on how your property’s value grows over time.Cash Flow – Assess your rental income after accounting for all expenses.Tax Benefits – Leverage deductions like depreciation to reduce your tax burden.Debt Pay Down – Use rental income to pay down your mortgage, steadily building equity.Think of it like investing in a 401(k) with a long-term perspective—especially in California, where property values can appreciate significantly over time.
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12 November 2024 | 17 replies
Don't quite understand what you mean.Wholesaling has nothing to do with where you grew up.Wholesaling (as well as any other business) is about lead generation.I didn't grow up in NYC, and if I were to wholesale there I would dominate that market with my ability to rank websites #1, dominate online presence, credibility, and competence strategies I can apply to my online image.I think this is why so many people are "afraid" of wholesaling.Break wholesaling down into its most basic elements.
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12 November 2024 | 171 replies
Financing on those is not as good so reduces returns going in.
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12 November 2024 | 5 replies
Look online to see if any properties are being offered for sale or rent with a legal basement unit and you may get a tip off.
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11 November 2024 | 6 replies
This would reduce risk and speculation on future appreciation.
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11 November 2024 | 5 replies
This is not something you will get online you need an attorney to draft documents and it is just a matter of whether you draft them or their attorney drafts them
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9 November 2024 | 1 reply
This setup helps us reduce our mortgage each month and makes our home work as a true investment.
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14 November 2024 | 25 replies
As mentioned already, there are lots of great property management apps out there that have online rent collection features.