I ran my own proforma and used an 8% vacancy rate and a 35% operating expense margin, which are the %s that most banks my clients work with use to underwrite their DSCR loans.

Do you recommend an operating business account in which I collect rent from and pay expenses if either STR or LTR entity and if master expense (ie.

Most residential real estate developers have a certain operating expense margin they are budgeting for in order to make sure they are hitting their return requirements.

I also own a short-term rental management company that partners with other real estate investors and second home owners to 2-5x their returns while also taking the headaches out of operating STR’s.

The biggest challenge for being a great realtor is always generating leads and staying organized.

@Agatha OliveiraSharing an operating agreement does not pierce your LLc and every contract you enter into the company should ask for a copy of the operating agreement to confirm the person signing has that authority

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.

I would love to meet some new members, young or no, whose goals might include a solid cash flow and providing good value to renters who are exploited or poorly treated by unresponsive landlords or large corporate operations.  

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.