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25 July 2024 | 5 replies
For example, if every lake cabin within 20 miles of yours listed on Airbnb seems super rustic and dated and "northwoodsy" (for lack of a better term), is there an opportunity for you to skew more modern in your STR design/style to help capture bookings with guests who are looking for that kind of aesthetic?
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24 July 2024 | 5 replies
The company that I've hired to do my direct mail does that very similar method with an envelope close to that size with a customized design on it.
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23 July 2024 | 6 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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22 July 2024 | 6 replies
Over the years, I've gained invaluable insights from this incredible community, and I'm eager to contribute and give back.As the founder of Data Led Designs, I specialize in business intelligence and interior design, focusing on leveraging detailed data to inform STR investment decisions across the US.
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26 July 2024 | 37 replies
With the obvious downside that it is a more risky approach, especially if you are not familiar with remodeling, design, appraisals, remodel costs, holding costs etc.
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23 July 2024 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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22 July 2024 | 8 replies
I learned about Bigger Pockets as a new agent but never really did much to engage with the BP community.
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24 July 2024 | 18 replies
Here are my options as I see them.1) Build up a separate capex reserve fundI have about 13k in savings and 25k in Roth IRA funds which I can withdraw tax free as a backup, but maybe I should build up a separate capex account since I don't have a designated one.2) Purchase another 2-4 familyI could use my 25k Roth funds as down payment on a 5th property that cash flows around $500/month and look to do a BRRRR.
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23 July 2024 | 10 replies
It is easy to get distracted, but where you focus the most attention will get results. 5) It sounds like you want to live a life by design.
22 July 2024 | 7 replies
I also enjoy designing people's homes mainly friends and family and I love renovation projects!