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2 July 2024 | 5 replies
As of now, most banks don't recognize the split model and only run numbers on the LTR units since they feel those units are guaranteed income.
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1 July 2024 | 4 replies
Our ideal candidate is someone embedded in and active in the STR space, as subject matter expertise + working with partners and advertisers is a key element of this role.You can find the application here.Working for BiggerPockets alongside our incredible network of employees and contributors has been an incredibly rewarding experience for me, and I'm so excited to be growing our content team.
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3 July 2024 | 36 replies
And you also need to be super careful about their 1-yr contract if switching to different a pay model (We are dealing with them for $27000 early cancellation penalty now) Although they have many functions such as generating one listing from Guesty and pushing them to all different platforms, we realize that pushing to multiple platforms is not necessarily generating more income.
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1 July 2024 | 0 replies
Leveraging Seth's local market expertise, we secured the property for $250,000.
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1 July 2024 | 1 reply
Investors will need this information to assess the investment opportunity.Present Your Proposal: Prepare a compelling pitch highlighting the opportunity, your expertise, and the potential returns for investors.
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1 July 2024 | 8 replies
This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.
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7 July 2024 | 89 replies
If two people have the same NOI after debt service, but one has fewer doors, that model is most likely more efficient.A few years ago I had several more "doors" than I do today, but my ROI has increased due to re-focus and efficiencies.
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2 July 2024 | 16 replies
The model he flipped is called the Levittown Rancher, even though it's not actually a rancher lol.
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28 June 2024 | 1 reply
Partnership: Collaborating with Matt Rzodkiewicz provided valuable local insights and expertise.
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29 June 2024 | 6 replies
Having more than 7 years of outsourcing expertise specifically in property management, I'll try to explain quickly two ways.