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20 September 2024 | 11 replies
I see a big drop-off for Denver Airbnb properties that are 3/1 versus 3/2, so just make sure you have the right expectations.-- I find using 1.3-1.4x the LTR numbers on Rentometer for your MTR/medium-term rental numbers is pretty accurate.Big picture?
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19 September 2024 | 2 replies
Asking for a mentor can put unrealistic expectations on folks.
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20 September 2024 | 12 replies
Here’s a recap of key points.Slower growth in prices and rents: Florida is expected to experience slower appreciation or even declines, affecting short-term returns for investors.Affordability challenges: While affordability remains an issue, the primary concerns are rising expenses and increased supply.Increase in new inventory: Florida is experiencing a significant rise in new housing inventory, contributing to oversupply.
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20 September 2024 | 23 replies
i say this not to discourage you from investing, but to help set your expectations properly.my recommendation is always to invest wherever you can be hands-on and in-person.
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22 September 2024 | 25 replies
That way they know that 5-stars is the expectation, because unfortunately many guests treat it like a Google review where 4 is good and 5 is perfect.
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22 September 2024 | 11 replies
He did write a contract on a property i owned and when i went to try to find him at work .. work said he no longer worked there and well I knew them I had been duped.. no money just wasting my time and expecting me to buy his lunchs etc.
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20 September 2024 | 73 replies
They might even expect it and make an offer accordingly.
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20 September 2024 | 15 replies
i say this not to discourage you from investing, but to help set your expectations properly.
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18 September 2024 | 3 replies
@Sharad BoniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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20 September 2024 | 17 replies
Create a list of properties you think are very similar to yours based on their listings and use those revenues to create your estimate.Keep in mind if you are just starting, expect about a 20% decrease in year 1 revenue compared to comparable listings.