Most areas we have found that are hot spots have some sort of quasi "local" booking entity, we try to belong to them as well if they are credible.As in anything with being in business almost 25 years, the better your relationships the better the response, this is no different.

How to Vet: Look for CPAs with STR expertise and cost seg firms certified by reputable bodies like BP, with positive reviews and case studies.Start with a CPA to build a strong tax strategy for your STR.This post does not create a CPA-Client relationship.

A PM may have construction relationships but they are not equipped to understand the complexities of construction outside of perhaps unit turnovers.

Many reasons: to encourage/discourage certain economic behavior, to appease a certain industry lobby or some fellow lawmakers or even sometimes a private individual, to buy votes, to balance economic effects of a new law, as well as simply out of incompetence of our lawmakers.

Hello, I'm new to this community. I followed BP for a while and decided it was time for me to jump in this forum. I have worked with a lot of smart people in real estate which has allowed me to become knowledgeable ab...

@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.

Refi'ing into a 15yr loan is likely to both increase your effective rate and crimp your future buying power by increasing your DTI. 

So the effect is a confiscation of private property and a transfer of the property for no cost from the landlord to the tenant. 

This lowers the chance of triggering the “due-on-sale” clause.Consider a Land Trust to transfer ownership without alarming the lender.Once transferred, use the LLC’s account for all rental income and expenses to keep it separate.This post does not create a CPA-Client relationship.

So, this point is effectively moot.