It is coming to market in our off season, should we wait closer to our peak season to release it so that we have the best chance for the most bookings in a short time frame? 

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

I have extended my loan (at a cost of 2% and an increased rate), once it hit maturity at the one year mark. 

However, i am unsure those requirements extend to the OTAs.  

Negative cash flow and extended vacancy.RTR’s property management recommendations have been disappointingRTR team has been supportive and informative over the last 7 monthsAs a first time investor, I was thrilled to learn about RTR.

Experts say it can be risky for an investment fund to operate this way, since it may require ever more participants to be brought on board, rather than making money from its business.More than 60% of RAD’s operating expenses in 2020, the most recent period for which the company has released audited financial information, consisted of asset-management fees and other payments to a separate company owned by Mendenhall and other RAD executives called RAD Management LLC, according to an analysis of the financial data.Those fees and payments amounted to more than $730,000 that year, RAD said.ADVERTISEMENT“We have limited operating capital, few significant assets and limited revenue from operations,” RAD wrote in the January document, which sought to raise up to about $58 million in new funds, for a total of $75 million of company shares.

This resource covers FEDERAL fair housing law, but I think some states (especially tenant friendly ones) may extend protections further and may even eliminate some of the exemptions.

Fix gutters, extend  gutters at least 10 ft haul in dirt around foundation if needed the best soil for a foundation is a heavy clay type  , cut back trees if needed .

She let me know yesterday that they just extended their stay til March of 2025.

If you’re comfortable with it, you could ask to extend the term beyond five years or potentially even adjust the interest rate for a longer payoff.