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1 May 2024 | 4 replies
Once I chose someone, Vitudesk set me up with a manager who would assist me in evaluating the caller's performance, making suggestions to improve results, and monitoring the caller's screen time.Sometimes, it can take days or weeks to find someone good, and it can take months to find someone who is good AND is in it for the long haul.
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2 May 2024 | 20 replies
Appreciation is just the cherry on top.The last few years Toledo somewhat caught up with appreciation but I believe we are capped now.It's a slow moving market and always behind the rest of the country.There is just not enough demand/infrastructure growth like in other markets to support continued appreciation.Historical data shows the Toledo market appreciating at the pace of inflation which is nothing to brag about hehe.IMO, it's a cashflow play and you should consider building a larger portfolio because it will be safer.Owning 1-2 properties can be a "hit and a miss" and really not the providers or PM's fault.There is a high likelihood of turnover so it's important to build a larger portfolio.If you experience "drama" on 1 or 2 properties, the other 4-5 are performing and can subsidize any losses incurred on the few that temporarily aren't performing.Wishing you much success
2 May 2024 | 41 replies
I don't believe in profiling people via race/ethnicity, but rather, their CREDENTIALS and their individual performance.
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1 May 2024 | 3 replies
I currently have an airbnb in the Tampa Bay area which is performing well.
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1 May 2024 | 1 reply
The condo has to perform in real life.
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2 May 2024 | 17 replies
Another option is to invest in a better performing US market and rent in San Diego.
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5 May 2024 | 64 replies
How does it actually perform upon delivery.
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2 May 2024 | 9 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
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2 May 2024 | 9 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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3 May 2024 | 32 replies
It's important to review any existing rental listings, like the ones on Furnished Finder, AirBnb & VRBO and assess the property's performance and potential profitability.Consult professionals: It may be beneficial to consult with real estate agents, property managers, or financial advisors who are familiar with the target market.