5 August 2024 | 11 replies
My last Detroit Metro eviction took around 4-6 weeks between slow application process, bailiff scheduling conflicts, etc.
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5 August 2024 | 6 replies
You can plan for it, but it's going to be slow.
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5 August 2024 | 6 replies
Markets that experience this generally realize a sudden appreciation event over a short time period and then the appreciation levels off or slows.
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5 August 2024 | 16 replies
I lower my weekday price in the slow season.
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3 August 2024 | 3 replies
None of the names listed above appear to be pivoting into the homeowner association space, yet here in the northeast USA it's still quite a fragmented industry outside of the major urban centers with established and deep-pocketed PM firms.
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5 August 2024 | 27 replies
The market rate for a full-service STR co-hosting company is 25% gross after cleaning fees.On average the following would be included... 24/7 guest communication, vender oversight, weekly updates on the OTA listings, make sure maintenance and deep cleanings get done...but owner pays the expense, stain removal on linens, marketing the property, keep supplies stocked...again owner pays the expense, keep property guidebooks updated (digital copy and hard copy), security (locks, cameras etc.) oversight, bi-weekly pricing software management, walk the property regularly, provide monthly reports, and obviously any guest problems that arise time to time.
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4 August 2024 | 37 replies
Also going to guess most of those listings are just "token listings" so the PMC or agent can tell their clients they have listed it on the MLS for maximum exposure, but either:1) Really don't want to share whatever amount they are charging the owner2) Have negotiated such a small amount with the owner that there's nothing to really share.It'll be interesting how this all changes with:1) NAR settlement on commissions2) Slowing real estate market with DOM increasing.
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4 August 2024 | 4 replies
The drive down from the norther parts of Lake Lure, for example, is a long, slow, twisty pain in the neck.
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4 August 2024 | 12 replies
A crash will not happen due to inventory(local-regional factors at play), but you're pricing for general correction upon the eve of the slow and doomy Q4.