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16 January 2025 | 40 replies
Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure.
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27 January 2025 | 7 replies
I made that mistake with a 2 bedroom condo - after 1 year, I had to shut down operations due to HOA rule violations of NO short-term rentals less than 30 days.#8 The 30 day+ rule - Certain places Airbnb is outlawed or a softer rule is the 30day+ rule.
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27 January 2025 | 9 replies
Regards, ClarkI'm curious, @Zhenyang Jin, with a DSCR at 1.30x, what are you total operating expenses relative to your EGI (Rent after vacancy expenes)?
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24 January 2025 | 4 replies
Your best bet would be to connect with local operators and ask them.
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20 January 2025 | 8 replies
Or become an operator like ODC and make money raising capital for your deals ..
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22 January 2025 | 5 replies
Modern units operated down to -5 degrees so it should be adequate for a cabin in OH depending.
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25 January 2025 | 32 replies
And there are some great multifamily operators out there and then there are others.
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28 January 2025 | 4 replies
I would focus my attentions here and try to stay local (within a 4 hour drive) as the POH rentals require more engagement.Financing is a tough deal... but sometimes you can find those Mom and Pop operations with quite a few POH rentals that will work with seller financing on a reasonable interest rate with a balloon within 5-7 years.
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28 January 2025 | 42 replies
I also broker ALR's in Colorado, and create deals in which I connect operators with landlords looking to lease option the properties.PM me so we can connect!
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3 February 2025 | 12 replies
Hi David Oh-You asked about a profit sharing bonus for property managers to give them an ownership mindset and incentivize them to align with your goals for quality property management.I love this idea.While I do not have a formal profit sharing plan, I always like to recognize the property management company with gift cards to the operators and the people within the property management company I have regular contact with that help keep the property running well and keeping costs down.Related to this, a handwritten thank you card to the same people periodically goes a long way.I also like to do the same for the tenants that have been paying rent on time.To your success!