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10 August 2024 | 8 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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9 August 2024 | 1 reply
If I buy these lots—7,500 square feet with a 50’ width—how comfortable can I be that the person who buys them from me will be allowed to build a house on them?
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10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
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15 August 2024 | 86 replies
If you want to be generous about it you could tell the tenants your operating costs are consistently going up (which is true), share the current comps with the tenant, and ask them what kind of increase they would be comfortable with.What are peoples’ thoughts on where rent’s should be set or the best way to get them up if you fall behind?
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6 August 2024 | 5 replies
Does anyone have recommendations for ADU design and construction companies in San Diego county?
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10 August 2024 | 10 replies
There is a significant art to this, and that is why one won't find any standard template for doing such, because each original home style/design best lends itself to different layout potentials.
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8 August 2024 | 11 replies
The other half is: excellent finished product design and management at a reasonable cost.
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8 August 2024 | 0 replies
With an average of 92 days on the market for listed homes, we needed to craft a thoughtful design that would match the build of the home, and drive top dollar in the market with as few days active as possible Upon completion, this home received multiple offers in the first week of listing the property for sale and went under contract just 9 days after listing!
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8 August 2024 | 17 replies
I think they would need to file the insurance claim if there was enough damage, but possibly they could escrow an amount you’re comfortable with if lender allows.