Justin Brin
Will you rent your house for short term rental arbitrage?
22 September 2024 | 41 replies
If you do it yourself you need to pay for all the furniture and in slow seasons you might not get paid much.What is the best way to get an estimate how much the property can make as STR?
Maria Murphy
Buying NPLs - recos & resources?
23 September 2024 | 13 replies
When we were done at the notary and finished the purchase, we were able to obtain the license and start the works (it was a big commercial old furniture shop where we created 14 tourist apartments).
Colt Clark
gift baskets for first time tenants
23 September 2024 | 19 replies
We also do a few other things on move-in day.... we put drop cloth runners down in the traffic areas, loan the tenants the use of moving blankets, furniture sliders, an appliance dolly, and shoe covers.
Michael Plaks
The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
Partially because you did not rent it for an entire year but mostly because of upfront expenses: getting it ready for rent, buying furniture, electronics, and other furnishings, stocking up on initial supplies, and so on.
Dayana Castellon
optimize your listings
20 September 2024 | 1 reply
Prioritize cleanliness, appealing furniture and decor, being pet friendly, appealing to your market, professional photography, great customer service, and great reviews.
Deepanshu Madan
What's the best strategy to find a buyer for a STR?
21 September 2024 | 14 replies
They may want to buy the furniture or include some of it in the deal.
Tarun Mitra
Tenant asking to replace floor
21 September 2024 | 12 replies
For hardwood, that will take much longer and I'd bet they'd walk on it or move heavy furniture before the top coat is cured and damage it.
Steven DeMarco
Almost 2 years in and haven't made any money (via cashflow)
20 September 2024 | 114 replies
I think also folks that do the STR have to realize the 35 to 50k spent furnishing the home is what many times makes these negative cash flow and of course over a 10 year run the furniture most likely will need replacing upgrading to keep relevant..
AJ Wong
How SMART investors are utilizing seller concessions for stronger dealmaking
16 September 2024 | 7 replies
. $24k cash that the buyer(s) did not have to come up with to close and could be utilized towards the upgrades, furniture and furnishings or mortgage payments until their rental gets up and running.
Lily Wang
Is it really possible to charge 2 to 2.5 times more for furnished MTR compared to LTR
16 September 2024 | 24 replies
We just furnished a 2/1; it was about $11k for pretty average furniture and full supply list needed to equip and furnish a new property.