Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
You should have a good idea of every expense you have in your primary home, then add the STR specific: (These are rough estimate numbers, depending on various factors)STR insurance - a special insurance that covers both the property and your liability, could be $2~4k in areas without natural disasters, could be more than $10k in some other areas.cleaning fee - approx. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal: $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses.
Kimberley Sewell
RABBU Listing Service
31 December 2024 | 2 replies
Brook and all the miles of nature trails on Shades Creek walking trails .
Peter Neill
From PPR Note Co. to GSP REI: Finding My Freedom Raising Capital
27 January 2025 | 6 replies
There are many more and many more personal goals such as getting married and starting a family, adopting my first GSP dog, traveling to Wyoming and Montana and spending more time in nature, just to share a few.
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
30 January 2025 | 47 replies
Human nature is fallible and any business that exists out there is run by humans.
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 13 replies
Naturally your property must sell before you can take title to the new one, but nothing prevents you from getting it under contract and make the process as smooth as possible.
Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
Obviously it's good from a nature preservation point of view but it's a very different from an investment point of view.
Caleb Rehg
Renting to College Students
12 January 2025 | 23 replies
I’m conservative by nature, and would never be comfortable overlooking this restriction.
Alex Silang
Mass deportations: will it affect rental markets?
22 January 2025 | 61 replies
No medical treatment unless legal status is shown.3.
Edreco Amos
Looking to get my first long term rental property | How is Miami's market?
29 January 2025 | 23 replies
Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
It's probably unlikely anything too bad would happen excluding natural catastrophes but why take the risk if the profit potential isn't there?