Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Whether you’re managing properties, operating STRs or long-term rentals (LTRs), or just have an opinion on the state of the market, I’m eager to hear your thoughts and any new developments you’ve noticed.Here are a few things I’ve observed:Increased Supply of RentalsI’ve lived in Gainesville for a while now, and I remember a time when it was tough to find a rental.

In that case you will need to analyze the comps, and keep in mind operating two units on one property can bring other costs and operational issues.2.

It just might be a different strategy involved.Cash flows through refinance or sale or operating cash flow is the same in my book.  

You could create an operating agreement granting one of you the powers - but it is a fair amount of energy/time/activity for someone to manage and find deals.

., AirBnB) as it will expose your property to bad actors.Law enforcement and the legal system seem to operate quite slowly out there.

And there are some great multifamily operators out there and then there are others.

At $500/mo per door you would have $175,000 cash flow in a year before operating expenses.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.