
24 July 2024 | 1 reply
High paying local jobs.Monthly cash flow: $306 /moIncome: $2,250 /moExpenses: $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91% Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%

24 July 2024 | 6 replies
You are getting good advice.I use a PM now, but when we were self managing we used the application our screening company provided with an additional page of additional questions I wanted to ask to support my screening point system.I ask more about address history, I want to know how familiar they are with our neighborhood and how long they stay on average.

21 July 2024 | 2 replies
Plan either way would be to self represent (with a little help) and apply commissions towards closing which is why I referenced being an agent as well.

24 July 2024 | 14 replies
They don't care about your property, won't suggest the improvements, and just live of you.I self manage AirBnb in Seattle and hired a remote PM in another property and should admit that if the PM is not local I could do the work and take care of the property much better than a hired PM.

23 July 2024 | 10 replies
I’m looking to self-manage and turn one of my units into a midterm rental.

22 July 2024 | 28 replies
Since I am self employed, I was hoping they have a pool of lenders catering to Self employed.

22 July 2024 | 8 replies
If you try to just ask them if they plan to leave in January, you might put them on the defensive and scare them out.

24 July 2024 | 15 replies
I struggled with this in the beginning a lot because I don't self-manage any of our properties so a lot of things that these other softwares provide were overkill and provided way more than I needed.
24 July 2024 | 6 replies
@Jason Griffin I self manage my city rental, but if you're on Facebook, check out a page called DELREIA.

23 July 2024 | 5 replies
Rather I'm looking for a mature STR market with enough supply that makes it worthwhile for my co-hosting business to bring our services.One variable I'm digging into is how many STRs are self-managed vs managed by a PM or co-host.