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25 March 2024 | 7 replies
I think the furnishings ended up coming out really clean, we were thrifty with doing it but between that and the professional photos it made the property show really well.
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26 March 2024 | 34 replies
Using a property management system (PMS) enables you to bring automation to all major areas of Airbnb rental operation (cleaning coordination, guest communication, digital self-check-in, review requests, pricing, upsells, and finances)The bottom line a busy physician with a fairly high W2 can pass material participation tests (100 hrs AND more than anybody else), claim tax losses from his or her STR business and save 6 figures in taxes without working full-time in real estate.
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25 March 2024 | 7 replies
If your credit is 680 or better, no lates on your credit report, and a clean b.g. and I can get a new investor started all day long given it is the right project.The right beginner project is one where the purchase price is less than 100k, total project cost less than 200k and loan amount around 120k - 150k.
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24 March 2024 | 2 replies
Seems like short term would likely generate more revenue but not really sure about profit when you consider vacancy and property management fees of ~30% (I would consider remote management but I would think cleaning fees would still be ~$400/mo. which is high).
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26 March 2024 | 39 replies
However if you find the right multi family building (let’s assume a 2-4 unit, which will still qualify for a conventional 30yr mortgage) buy at a discount and are willing to put in some sweat, you should be able to gain 10%-20% immediate equity through cosmetic improvements, such as paint, carpeting, lighting, etc.
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26 March 2024 | 11 replies
I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.
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26 March 2024 | 27 replies
Offer to refund his deposit immediately as long as there's no damage (you handle the cleaning).
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26 March 2024 | 47 replies
They all look very solid, fundamentally-sound, have clean lines, and are very attractively priced.
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24 March 2024 | 6 replies
I have tried some Facebook groups down there and they are ALL (so far) nothing but spam and scams, or people advertising to clean cars, etc.
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24 March 2024 | 10 replies
I had two of them and both had a “small room” compared to the other rooms that we rented on the cheap and there was never any shortage of people who were happy to have a nice, clean, comfortable, affordable room to rent.