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15 October 2024 | 14 replies
🏦To get to the point where you can avoid personal guarantees, you’ll need to build your business credit over time:Open trade lines in your business’s name (utilities, vendors, etc.).Make sure you’re reporting payments to business credit agencies like D&B.Keep your debt-to-income ratio low and maintain good cash flow.It doesn’t really matter if it’s an LLC or S-Corp—what matters most is establishing the business as a strong, creditworthy entity.But yeah, in the early stages, personal guarantees are almost unavoidable.
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12 October 2024 | 0 replies
Two questions:1) For those familiar with the area and demand, who has utilized a short-term rental management company in the Bremerton, Silverdale area of Kitsap County and what has your experience been like?Â
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16 October 2024 | 25 replies
He's doing a 1 bed, 1bath 1,000 sq ft cabin that appraises out for 525k and that we agreed to build for 400k all in (including lot, utilities, appliances) provided they get the construction loan or pay cash (they can refi out later) so we don't have any interest expense either.Â
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14 October 2024 | 22 replies
That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.
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21 October 2024 | 176 replies
Since they have to also eat, pay utility bills and other expenses.Â
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11 October 2024 | 3 replies
If the tool has merit, then build it for yourself, and it will pay for itself on that basis alone.If it will not pay for itself (& time counts as a cost) when the only customer is yourself, it's probably been done a thousand times, and/or isn't as useful as you think.Â
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11 October 2024 | 9 replies
I know that I can go in, in either platform, and refund for days as needed without involving the "customer service" people.
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11 October 2024 | 7 replies
Our title companies customer service departments are second to none all of this was free for me..
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13 October 2024 | 19 replies
I love that MTR turnover is not as frequent as short term rentals and there is usually higher opportunity to cash flow each month, although there are added expenses such as utilities, lawn or hoa fees etc., to account for.
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11 October 2024 | 1 reply
Your tenants are customers, properties are your product and reputation is your brand.