Kay Nemen
Is it common for property management companies to charge these fees?
5 March 2024 | 15 replies
This isn't inclusive but should give you a good start.
Brendan M Brown
Starting out; Disgruntled
5 March 2024 | 70 replies
I would like to see people on BP provide more inclusive information instead of one-line suggestions.
Emily Anderson
Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.
Ryan Leake
Trying to make sense of residential STR regulations in Austin, TX? Here's what I know
2 March 2024 | 3 replies
Only 10 related adults or 6 unrelated adults are allowed at a time[6].Required docs to operate an STR:To obtain a short-term rental license, you will need to complete a short-term license application and pay a non-refundable fee of $643, inclusive of a $50 notification fee[6].
Robert Mack
Items to Research Before Bidding At Auction
2 March 2024 | 8 replies
Just a few preliminary thoughts - this is a beginner list and of course not all inclusive. 1.
Laura Dagenais
Attorney, realtor, lender and cpa all in one place?
27 February 2024 | 4 replies
Is there such a thing as an all inclusive agency that handles all of the legal and accounting and licensing for you in one place or do we need to hire a lawyer, accountant, realtor and broker individually?
Mike Dumas
Tax and Wealth Strategy
29 February 2024 | 18 replies
This severely subpar customer service, lack of timely correspondence and initiative from Alan Kirkham should be unacceptable for a company that claims to be top notch and superior to all other CPA / tax advising firms and charges clients a ridiculous $25k fee for their 'all-inclusive services'.
Sebastian Marroquin
CA ADU build process and progress! Cost (labor and material) and process
27 February 2024 | 29 replies
Currently we are at around $65k (I have to check my numbers and see if that is inclusive of building plans, engineering and city permit fees?
Karina Lucid
WealthFactory or Wealthability
28 February 2024 | 13 replies
This severely subpar customer service, lack of timely correspondence and initiative from Alan Kirkham should be unacceptable for a company that claims to be top notch and superior to all other CPA / tax advising firms and charges clients a ridiculous $25k fee for their 'all-inclusive services'.
Ryan Shekell
Help! Need to Evict fast!
27 February 2024 | 9 replies
This isn't inclusive but should give you a good start.