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1 August 2024 | 12 replies
This is just the normal operating costs, never mind the big things that come up occasionally with capex like when you have to replace a major component (furnace, water heater, sewer line, driveway, steps, deck, windows, roof, doors, siding, landscaping, etc,) and it costs $10-20k.
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31 July 2024 | 5 replies
Or, put in another way, we get more interest in us renting a property and giving it back to the owner as opposed to a landlord doing all the management and then asking us to occasionally do maintenance on the property.
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31 July 2024 | 19 replies
.- Flexibility: If you want to use the property yourself occasionally, you have that option.- More Work: Managing a short-term rental requires more effort with frequent guest turnover and maintaining high standards for reviews.As for platforms, Airbnb is popular, but you might also consider VRBO or Booking.com for short-term rentals.
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1 August 2024 | 10 replies
I’d have to think that, at this point, 99% of Poconos homes are failing to break even every month in STRAt this point the Poconos has basically just become a market for locals, people in NYC or Philly who want a vacation home that occasionally rents out to subsidize a tiny portion of their mortgage every month.
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30 July 2024 | 30 replies
And mine says jammed occasionally when the battery gets low.
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31 July 2024 | 11 replies
Occasionally you will see listings in the MLS that state "all work done with permits" or something similar but in most cases, it's a don't ask, don't tell approach.
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27 July 2024 | 1 reply
Main priority is the screening/lease/onboarding and the occasional letter I might want to store for recordkeeping.
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30 July 2024 | 23 replies
I enjoy how this thread devolved from "Education Expenses" into someone promoting tax fraud since "they'll never figure it out".But...occasionally they do.
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27 July 2024 | 19 replies
(Although we do use automation for other things, mostly SmartThings.)They aren't well reviewed on Amazon and the like, and I get why, but once you get them running, they only need Wifi to get new codes occasionally, I have it set to wake up and check twice a day to save on battery.PM me if you have any questions on them.
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29 July 2024 | 37 replies
No-one is successful (outside of occasional tech start-ups) on revenue, especially when you are talking about real estate, a highly leveraged industry, and hospitality, a fairly low margin service industry.