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18 November 2024 | 4 replies
I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service.
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11 November 2024 | 16 replies
., embedding a link to a ski shuttle schedule) or setting expectations (e.g., noting that there’s no A/C, which is an rare amenity in our climate anyway).
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20 November 2024 | 15 replies
I think the VA loan house hack is an incredible opportunity for service members, and I think you could absolutely take advantage of it if you'd like to!
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18 November 2024 | 13 replies
I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.
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18 November 2024 | 6 replies
In my experience, cash flow is key, especially for long-term holds, so running a detailed DSCR (Debt Service Coverage Ratio) analysis might be a good step here.On the flip side, if you're eyeing faster returns, a flip might be more lucrative.
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19 November 2024 | 10 replies
There is a free website that I use to find the estimated short term rent based on Airbnb data.The same information you can get from airdna but you need to pay for that service.
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16 November 2024 | 17 replies
Family services will inspect the home and limit occupancy based on the number of bedrooms.
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22 November 2024 | 13 replies
You could lease part for food service or coffee shop and some retail space, a small health club, massage.
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15 November 2024 | 10 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
19 November 2024 | 15 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.