Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
Joshua Tree is a bit of a tough market as there are a lot of STRs in the area.Be prepared that your first year might be a little thin as you are new and need to build up some reviews to get rolling.The interior is a bit of a toss up.
Jaxin Pierce
Start Rent or Flip
2 January 2025 | 1 reply
starting with a flip" is really tough because flipping takes capital.
Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
I work with these two:Metro Detroit Property Management - Mark HutterNHL Property management - Howard GenserThere are a tonne of companies and each one has had good and bad experiences, so no one in particular stands out.One part of the equation is that the Detroit market itself is a tough place and is not for the novice investors.Only seasoned and large volume Investors make it successful in Detroit.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
5 February 2025 | 56 replies
the market is tough right now and buying a random property you haven't seen and trusting it to people you don't know is likely going to push you backwards, not forwards.hope this helps
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
STR markets are tough and change fast, best of luck!
Tiffany Palaskas
Sell or keep income producing duplex
1 February 2025 | 51 replies
So it's a tough situation for us.
Garrett Brown
A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there always the liability part including but not limited to offering alcohol to people who are trying to quit etc.
Bobby Eastman
Any suggestions for people to contact for investing in the Sherman/Denison TX area?
18 January 2025 | 17 replies
If you're looking for something turnkey it will be pretty tough.
Allen Berrebbi
Jasper Arkansas Investing Potential
31 December 2024 | 6 replies
It's a nice place but in a small town it can be tough to find a good property manager.