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7 March 2024 | 7 replies
. #1 - Charleston, SC area - Worth: ~800k / Balance on mortgage: $230k / Excellent rental history 5y+ @ $3,300/month / Divorce buyout #2 - Syracuse NY area - Worth: ~600k / Balance on mortgage: $185k / No rental history (just inherited with brother) but in a desirable area so local realtors say it will rent easily in the $2,000-$2,500 range / Brother is partner#3 - Kansas City, MO - Worth: ~200k / Balance on mortgage: $100k / Excellent rental history 4y+ @ $1,200/month / Divorce buyout First choice is to pay off partners in a clean lump sum now (one wants to buy ASAP in another market, the other wants to build ASAP), but I'm open to brainstorming for options.I live in Portland OR and rent my primary address.
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7 March 2024 | 4 replies
I would only do repairs, not upgrades for a tenant.Just make sure everything is clean and on good working order.
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7 March 2024 | 6 replies
The only maintenance is to clean the filter three or four times a year.
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7 March 2024 | 5 replies
This means more than just providing a clean space; it involves thoughtful touches like welcome baskets, local guides, and amenities that cater to your target audience (families, business travelers, etc.).
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6 March 2024 | 22 replies
I'm sure there are things I'm not considering and would appreciate your feedback.Here are some additional details about the home and financial situation.Location: Atlanta, GeorgiaMortgage: $5513/mo @6% interestZillow Rental Estimate: $4966Current Mortgage Balance: $716kZillow Home Value Estimate: $825-1.02mAirDNA Information:Projected Revenue: $82.7kAverage nightly rate (as entire home): $347Occupancy: 65%Projected Operating Expenses: $41kManagement Fee: 20% - $16500Lodging Tax: 5% - $4134Property Tax: (included in mortgage escrow)Cleaning Fees: $6600Maintenance: $3400Insurance: $5200Utilities: $5172Projected Monthly Income: $6891 - $5513 = $1378Projected Expenses: $3416 /moAfter Expenses: -$2038 / moHere are my listings:https://www.airbnb.com/rooms/796636182229405398?
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6 March 2024 | 6 replies
I like white, but it is hard to keep clean.
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6 March 2024 | 1 reply
LuisI clean these up all of the time because a "guru" out there, very popular by the way, is giving bad advice.
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6 March 2024 | 10 replies
It still has 1984 carpet and everything else appears to be original....
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6 March 2024 | 9 replies
If the paint does test positive, you'll need to follow regulated procedures to clean it up (or contract it out).