
20 April 2024 | 3 replies
For these investments, if they are both properties you are able and willing to buy, I would make a decision based on revenue/expense assumptions.

20 April 2024 | 6 replies
We averaged $1700/month in revenue over the first 6 months, 85% occupancy, and clean the unit ourselves.In October, we closed on a SFH in MI.

22 April 2024 | 39 replies
I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

18 April 2024 | 14 replies
I keep hearing that 2 or 3 BR properties rent out much better than 4 BR, but this in contrast to airdna and BNBCalc at least on projected revenue.

18 April 2024 | 1 reply
STRs were hot pre-covid and during the lockdowns - now bookings and revenue are down.

20 April 2024 | 100 replies
In the example you post above, repairs, vacancy, and capex are all 5% of gross revenue.

18 April 2024 | 12 replies
That means more doors to achieve the same amount of revenue as a PM in a higher end market.

20 April 2024 | 33 replies
It's also the approach Stessa originally took, but when it didn't produce enough revenue Stessa added a monthly fee and caught a lot of users off guard.I didn't get far enough into the weeds to try out their customer service, but like Stessa it is mostly based on email and chat.Overall, Baselane is a lot like Stessa in its pros and cons.

17 April 2024 | 39 replies
I have to now pay a "Peter" to run that revenue stream.