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22 November 2024 | 5 replies
Why Reviews Are Crucial for Your Airbnb SuccessBuild Trust with Guests: Positive reviews show potential guests that your property is reliable and welcoming, making it more likely they’ll choose your space over others.Boost Visibility on Airbnb: Higher ratings mean your property is more likely to appear in search results, leading to more bookings and greater income potential.Learn and Improve: Reviews often provide actionable feedback.
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23 November 2024 | 9 replies
You only need a place to track tenant information, payment history, maintenance, etc.
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23 November 2024 | 40 replies
In the example below, it shows my "Vrbo commission" is 5% and their "payment processing fee" is 3%, so they take a total of 8% (of the nightly rate + cleaning fee + pet fee).
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17 November 2024 | 1 reply
Establish a Charitable Remainder Trust (CRT): By placing the property into a CRT, you can receive a charitable deduction, defer capital gains taxes, and receive income from the trust.
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27 November 2024 | 8 replies
Throw in the fact that properties over the next few years most likely will have very low to zero appreciation and they probably do not get you a net of $6k a month even if you considered the principal payments you are paying down and lending right now is a far better situation to be in than owning property - just as the opposite was several years ago during very low rates and high home appreciation.
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22 November 2024 | 2 replies
Maybe a 7 year balloon payment and maybe a 3,2,1 prepayment penalty of something.
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22 November 2024 | 1 reply
Prepaid interest is the interest (or mortgage payment) for the month you are closing.
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23 November 2024 | 38 replies
Lots of good advice above- I think an active, professional network of pros that know and trust each other is essential.
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29 November 2024 | 27 replies
One suggestion I was given was to add a clause to your lease that payments are first applied to utilities then rent.Is anyone in Maine / New England doing this type of submetering?
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23 November 2024 | 4 replies
You only need a place to track tenant information, payment history, maintenance, etc.