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20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.
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5 February 2025 | 4 replies
I personally think you can successfully market both your property management (PM) and buy/sell real estate services under one brand if you position them correctly.
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5 February 2025 | 5 replies
I think that's one of the reasons that I didn't post very much on BIggerPockets, it's because I was just trying to keep my head above water.But now it's 2025 and things are stabilizing and I have a much more positive outlook on the future.Let me know if any of you had a couple of difficult years recently and how you were able to turn it around if you did.
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5 February 2025 | 4 replies
@Andy Ptak when jumping into the industry you have a few choices:1) Start at the bottom2) Leverage your experience to convince someone to give you a chance3) Decide between:--- Big companies who will usually start you at the bottom--- Small companies that will more like to a chance on hiring you for an above entry level position.
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4 February 2025 | 4 replies
Here in Chicago, you should expect a range from $200-$275/SF, depending on the location, experience, labor, and material finish level.Are you in a position where you already own some land, or what is your current situation?
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6 January 2025 | 9 replies
While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorities and areas of our life with not enough return.
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31 January 2025 | 2 replies
Based on my calculations, even with a low down payment, I can achieve positive cash flow (with aggressive enough house hacking).
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14 January 2025 | 4 replies
Please share lenders who are low credit score friendly and or hard money lenders that are easy to work with, e.g. won’t tie your money up in draws.
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14 January 2025 | 10 replies
This creates a negative initial position.
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30 January 2025 | 45 replies
Actually we have divested 4 of our 8 Self storage locations to get into a better LTV position versus my view of the economic world.