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20 November 2024 | 6 replies
My personal favorite (and where I currently live) is Belmont, NC, a charming town about 25 minutes from Uptown with excellent restaurants, bars, breweries, and community events.
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26 November 2024 | 46 replies
I didn’t realize it then but thanks to this community ( and more than a year of unemployment ) I have learned I should have taken advantage of the W2 lending benefits when I had the chance.
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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
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17 November 2024 | 10 replies
Quote from @Brad Radlosky: Hello BiggerPockets community!
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20 November 2024 | 10 replies
They often have loan products targeted at rehab loans on low value properties, particularly those that are in underserved communities of big cities like Detroit.
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22 November 2024 | 7 replies
It sucks because it's a great community and I DO want these tenants to be happy while I am out, but not at the expense of my sanity and my family.
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20 November 2024 | 11 replies
Also, if the community has a stand-out feature or the property stands out, then an overhead may go here as well. 6-50: I set up the logical walk through the house from the front door through the house in the most logical way.
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19 November 2024 | 2 replies
Hello BP community,I am a relatively new out of state landlord and I have a rental on the market in Bluffton SC, which has been hard to get rented.
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20 November 2024 | 4 replies
A question is asked, but the answers are ignored or the OP tells the community why they are incorrect.
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19 November 2024 | 5 replies
The community would love to hear about other automation hacks or tools that make STR management easier.