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18 May 2024 | 12 replies
There is a similar home about 15min closer to amenities doing 61K, at 79% occupancy and $211 a night but with no outdoor amenities or interior design.
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20 May 2024 | 121 replies
Here's an overview: TRADE AREA - 3 Mile Radius• 12 traditional facilities• 864,595 net rentable sq ft• 41,175 sq ft climate-controlled• 823,420 sq ft non-climate-controlled• 21.2 sq ft per capita overall• 1.0 sq ft per capita climate-controlled• 20.2 sq ft per capita non-climate- controlled• No boat and RV specialty facilities (although, all the facilities in the area have a portion of space designated for this and are usually maxed out)DEMOGRAPHICS - 3 Mile Radius• 40,786 population• 2.0% one-year population growth• 6.3% three-year population growth• 12,869 households• 37% renters• 26% multi-family• $44,627 median HH income• $123,150 median house value ($267,836 county)YELLOW LIGHTPros:• Climate control likelyundersupplied• Population growth is great• Good number of renters goodfor turnover and raising prices• Opportunity for boat and RVstorageCons:• Market may at equilibrium oroversupplied with additionaldevelopment• 2 facilities built in 2018 may stillbe in lease-up (yellow dots)• Low median house value andhousehold income - (This seems incorrect.
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17 May 2024 | 2 replies
However, it's not specifically designed for real estate or for property management aspects so you would have to note balances of tenants manually on the back end.
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16 May 2024 | 8 replies
A MLO license is not a CA broker license, thus, it seems a licensee with only an MLO designation wouldn't have access to fractionalization.
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16 May 2024 | 5 replies
They are very knowledgeable regarding fund design but mostly act as a high priced facilitator to connect you with securities counsel.
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16 May 2024 | 3 replies
I will however need a design review for a long list of reasons.
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17 May 2024 | 21 replies
Unfortunately, this is the primary reason I do not use third party vendors for rent payments, and I have posted on here a few times about this (usually when someone posts about a fraudulent clawback), despite the throng of enthusiasm for the continued use of these methods.Each one of my tenants is given a pre-designated bank account (idenitifed in the lease) to which they deposit rent.
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16 May 2024 | 5 replies
For example, MEP plans are not required for permitting, but if you are designing a complicated house, having a MEP plan certainly helps to guide the trades to know exactly how and where to install the fixtures, versus something they have to figure it out impromptu in the field.
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16 May 2024 | 7 replies
Can anyone suggest a market where one-bedroom STR's that are nicely designed do well?
16 May 2024 | 7 replies
Security deposits are used for damages and are not designed to be applied to fees or rent.