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21 May 2024 | 3 replies
Revenue is not profit though...you have additional expenses in STR (close to 50% of OpEx) due to cleaning, vacancy, and supplies.
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21 May 2024 | 16 replies
How long for properties to be turned over with just cleaning and when repairs are needed?
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21 May 2024 | 41 replies
He hasn’t cleaned his bathroom in ages.
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23 May 2024 | 35 replies
. ;-) You had better be “squeaky clean”.
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22 May 2024 | 90 replies
It could be worth considering a shot at an actual software solution built for DIY landlords (1 - 15 units); one that helps you to automate your own rental process (ie. compared to other tools, one that helps you to actually get it listed on 10+ major listing sites, allows you to schedule showings, provides you with super thorough tenant screening options, online digital leases which can be customized and help you by breaking out those fees, automated maintenance tracking, and fast rent collection which also offers your tenants the ability to report their positive on-time payments to the major credit bureaus; just another positive reinforcement/added incentive to get them to make those payments on time).
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20 May 2024 | 18 replies
I appreciate that people out in the rest of the country may value the clean functionality of this kitchen but from my experience in the NYC/NJ market this kitchen is a few decades over the edge.
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20 May 2024 | 14 replies
We clean that up during our remodelling and close out any and all open permits.
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19 May 2024 | 8 replies
With 6 roomies, and possibly a lot of turnover, (Mi cocina es la cochina de nadie)Same for the restrooms, livingroom and yard.Maybe some maid service to keep the place(s) as desirable living space.I wouldn't not expect flop house types to be big on cleaning up other roommates messes .
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17 May 2024 | 12 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.