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18 January 2025 | 10 replies
Adding and making better could sell or rent faster, but it won't get you more than what the market ARV and rent is set at from other similar comps in the area....and your Interior Design background will help, if you you it mostly as an understanding of cost.
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29 January 2025 | 25 replies
They seem to be trying to use a PMC model designed for Class A properties/tenants for Class B, C and sometimes D.Can't use the same business model for all classes of properties/tenants.
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16 January 2025 | 1 reply
. - Furnishings and Design: Active vacation rentals are usually sold furnished, vacant homes are not.
17 January 2025 | 7 replies
This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.
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22 January 2025 | 22 replies
We also team up with great interior designers who can boost revenue too.
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14 January 2025 | 2 replies
Realize that you need to design around it.
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11 January 2025 | 4 replies
I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.
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7 February 2025 | 97 replies
There is also a second designated person who's a kind of CFO.
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17 January 2025 | 35 replies
They also offer a cheap and efficient way to skiptrace and send post cards, you can even design your own with their creator.
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14 January 2025 | 5 replies
Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state.