
12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

13 August 2024 | 10 replies
Research your competition to see what amenities they offer and look for opportunities to add or improve upon these features to make your listing more attractive.

12 August 2024 | 2 replies
Quote from @Michael Csrnko: This is a great example of taking an existing property and adding value through improvements.

15 August 2024 | 86 replies
Rehab to improve rent another story.

13 August 2024 | 13 replies
Looks like a waste of money for a marginal improvement.

14 August 2024 | 42 replies
This alone is a complex issue as the buyer needs to be able to make repairs and improvements, seeing that they are professionally done is another matter.

15 August 2024 | 28 replies
I'm still making improvements, just started in March of this year.

12 August 2024 | 0 replies
Our team meticulously managed the project, ensuring that all improvements were completed on time and within budget.

12 August 2024 | 10 replies
I am extremely handy with a vast collection of tools so can perform improvements myself.

12 August 2024 | 7 replies
Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of opportunity to improve guest experience?