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14 March 2024 | 3 replies
You will need to supply 2-3 quotes from different General Contractor's or licensed builder for all work.Some things that can occur are builder/vendor issues with lack of inventory, broken material, employee "no shows", date of completed work extensions, bad work, additional costs not factored on blue prints or cost analysis, delayed permits.Keep in mind any delays or issues will slow down your clear to close/funding date.
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15 March 2024 | 21 replies
I’d be happy to supply additional resources on the economic impact of STR’s in my particular location if that’s of interest to you.
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15 March 2024 | 3 replies
If you and your team can provide these services, you become invaluable to investors.Alternatively, if an investor works with a residential realtor, they will have to supply all the services and resources that the realtor does not provide.Even the information an investor needs is not available from the only resource a realtor can provide, which is an MLS data sheet.
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14 March 2024 | 35 replies
Drip, Keurig, whatever...just have one. 8 - Cooking supplies...you will NEED at least a few pots and pans of various sizes.
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14 March 2024 | 24 replies
Investors are not the only ones that have taken notice of increased STR supply, the majority of the cities, counties or jurisdictions I service have recently implemented new or revised regulations for obtaining and operating a vacation rental throughout the Oregon Coast and area of coastal California.
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14 March 2024 | 9 replies
For RBR - I use electronic door locks on each bathroom, 2-3 people per bathroom, build in a cleaner per month or every 2 weeks to the contract, supply toiletries and basic condiments, ensure your fridge/kitchen space is big enough and make sure you have parking.
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14 March 2024 | 13 replies
It is a very difficult area to operate in because of limited service providers, home quality, and the increase in supply, and big drop in demand.
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14 March 2024 | 16 replies
And since this all feeds into the experience, please don't be the host that ruins the experience by asking the guests to provide all their own cleaning supplies, toilet paper, etc.
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13 March 2024 | 8 replies
I have a property manager in place (one recommended by RTR) and he suggests (i) new build supply is way higher than demand (ii) realistically (if at all we find a tenant) we should target a rent of $2100 vs $2500 projected by RTR.
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13 March 2024 | 2 replies
The commercial real estate market, particularly for office space, is hurting, allowing for negotiation including incentives like free rent, contingent upon the supply and demand dynamics of the market.