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23 October 2024 | 28 replies
That 6 ft privacy fence is a good start, but you could also include separate entrances, designated parking spaces, and clear instructions about shared spaces (if any).Noise Policies: Include quiet hours in the STR house rules (e.g., after 10 PM).
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23 October 2024 | 5 replies
I’ve also included things like tubs, sinks, and other items that might need replacing.I’m focused on improving my ability to assess repairs.
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22 October 2024 | 8 replies
All that to say that there are alot of risks where you can have a hard time keeping your business (hard to move laundry appliances and utilities) and its a maturing market so there are fewer buildings being built without laundry included anymore.
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21 October 2024 | 6 replies
Since yours came to you and you've managed it, you still want to go behind the curtain with other to see if you really do want to grow to include more.One thing about portfolios - there are always bad properties in there.
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22 October 2024 | 2 replies
To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.
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22 October 2024 | 18 replies
Form an asset protection plan that's so complexed it must be described in flow chart form and must include a Wyoming LLC, otherwise what's the point if they aren't "anonymous"?
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21 October 2024 | 1 reply
There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthInterestingly, September saw a rent increase MoM ($1.21/SF vs. $1.18/SF), bucking the traditional seasonal slowdown trend.
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22 October 2024 | 4 replies
(Including building a team because I know all of it at some point is going to be too much for just me to handle).
21 October 2024 | 1 reply
These include the following:Type of loanYour credit historyType of mortgageDebt-to-income (DTI) ratioLoan-to-value (LTV) ratioThe property typeEven if you have enough for the down payment, your lenders will require you to meet certain criteria before approving a home loan.