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28 June 2024 | 9 replies
The tenants actually love this because there are tons of efficiencies to splitting the base charges and fees.
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27 June 2024 | 1 reply
This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.
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27 June 2024 | 1 reply
We are working on a similar development that has many elements that are novel to it, but it won't be zero energy.
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27 June 2024 | 1 reply
However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.
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27 June 2024 | 4 replies
If the intent is to self manage and believe partnering where resources can be shared, that's a different story and have seen it done in ways that added efficiencies that wouldn't exist without pooling portfolios.
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2 July 2024 | 108 replies
Not sure i would put much time and energy into starting wholesaling bizz.. tough way to make a buck and being outlawed left and right across the country.
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25 June 2024 | 24 replies
Looking all over the country is just going to be either overwhelming or waste a lot of energy
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26 June 2024 | 0 replies
This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.
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27 June 2024 | 9 replies
This is a good idea and should be done during due diligence after you have the property under contract.There are some contractors that just work with investors and efficiently get the work done on fixer-uppers or flips in a timely and cost effective way.They may charge you for the estimate which is credited to any work you have done.A general contractor is not a replacement for a quality home inspector and the home inspector may find additional work that needs to be done so good to have them there on the same day if possible.Both results and estimates are useful in retrading or renegotiating after the due diligence.To your success!
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26 June 2024 | 5 replies
Then look at what amount of capital, time, and energy you can deploy which will help determine your market.