However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.

We decided on this property primarily based on location.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

I’ve found myself particularly interested in multifamily properties, but I’m struggling to grasp what exactly defines a “good deal.”When evaluating listings, should I primarily focus on properties that seem undervalued?

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

It took more time and back and forth communication than was needed, and compared poorly with other refinancings we have gone through.

Hi Davis,I live in NC but invest primarily in Greenville SC / upstate with my business partners. 

They're very autonomous and don't communicate too much which doesn't demand much of your time. 

Then her communication was horrendous, with me having to follow up several times before getting an answer, then she would respond to 1 out of 3 questions.