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2 January 2025 | 53 replies
Not sure what can come of that or if there’s even a point.
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5 January 2025 | 24 replies
Even David Greene had some bad experiences that last few years.
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7 January 2025 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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11 January 2025 | 12 replies
Where is vacancy, maintenance/cap ex, asset protection, PM (include it even if self managing as you deserve to be compensated for your efforts), utilities, misc.
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5 January 2025 | 4 replies
I'd pass OR get it at a no brainer price which we are actually able too in some instances, even if it's listed.
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8 January 2025 | 31 replies
They are on top of the deadlines, they even send reminders.
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30 December 2024 | 6 replies
Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.
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3 January 2025 | 5 replies
Insurance is going to protect you financially from lawsuits, damages, total losses, and other scenarios we can't even begin to imagine until it actually happens.You'll want to have a broker you can work with and trust that will make sure you're properly protected in the event of a loss.
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30 December 2024 | 7 replies
We do encourage doing your own due diligence even though we are providing all this info.
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1 January 2025 | 8 replies
See if their contract even allows court without mediation first.