
19 June 2024 | 7 replies
I think the actual settings will vary if you are managing directly on platform or using third party softwares, etc.As mentioned above I think risking going vacant over a major holiday will outweight the extra housekeeping cost.Also, I am not sure how much volume you are doing but do not pay cleaners extra for holidays.

19 June 2024 | 2 replies
My real estate agent handled that for me and I think it's very good to confirm the rent amount and security deposit.

18 June 2024 | 9 replies
Hey everyone - Wanted to confirm something before filing the taxes for my STR, which is located in Virginia.Am I able to deduct all insurance, taxes, and mortgage interest for the year if my STR was available for rent the entire year but only had renters in it for 150 nights?
19 June 2024 | 4 replies
You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

19 June 2024 | 13 replies
Talk to some local PMs as wellIf your analysis confirms their recommendation you may have found a winner.

20 June 2024 | 10 replies
I would first confirm that your HOA allows rentals, specifically the terms that they allow, or any other rental restrictions that may need to be followed.

19 June 2024 | 4 replies
Batch Leads - To be fair, I tried BL really early on, and it's possible that I didn't know what I was even doing but I strongly believe that software should be scalable.

18 June 2024 | 8 replies
Per the original issue, circling back to confirm that I connected with a lawyer I've used before and they suggested to just issue a standard termination of month to month tenancy which requires 30 days.

19 June 2024 | 6 replies
I assume that by "charge" you mean assigning expenses within your expense tracking software.