Stefhan Malherbe
Selling my property as a Short Term Rental business
1 January 2025 | 7 replies
I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps?
Ryan Daulton
Mid-term rental pricing
29 December 2024 | 16 replies
The tenants have paid and if someone is thinking about moving out then an extra surcharge that hits if they aren't out in time for us to turn the place for a lucrative AirBNB short term rental can help massage the move out timing.That said with MTR we do not have the cleaning costs that eat up a lot of STR gross, and its lower hassle in some ways.
Jason Hanson
Short term rental market analysis
26 December 2024 | 4 replies
Hey friends, I'm an agent in Daytona Beach and I locking in my first short term rental listing.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline.
Ben Hofstra
Best Bank Account for my Situation
9 January 2025 | 9 replies
I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.
Michael Klinger
Ideas on $25K loan for multi-family working captial?
6 January 2025 | 11 replies
No fees, no pre-pay.
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
Buy the property, lease it up and refinance.One thing you’ll want to know about the credit facility is not necessarily the margin call parameters, which I wouldn’t be concerned with if there is a significant amount of equity in your investors securities securities portfolio, but what are the other terms?
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
I give them a deadline to respond, very clear terms of how we will move forward with the option they choose, and I make it clear this is my final offer.
Christina B.
Lessons Learned: VRBO Pre-Approval is not for me (or most people)
20 December 2024 | 4 replies
Yeah, no pre-approval for us as well.