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9 October 2024 | 39 replies
My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.
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8 October 2024 | 14 replies
Some of the benefits I offered included a steady schedule, above-market pay, and verified clients.
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8 October 2024 | 16 replies
Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.
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6 October 2024 | 1 reply
It's also great that you're planning to include wheelchair accessibility, which not only broadens your tenant pool but adds long-term value to the property.A video series documenting the process would definitely generate interest, as it could provide valuable insight for others looking to take a similar approach.
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9 October 2024 | 15 replies
How many full time staff do you have per cabin, not including cleaners?
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8 October 2024 | 23 replies
A Recovery Residence that claims to offer services should be classified as a Residential Treatment Center-which includes staff and usually medical personnel.
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6 October 2024 | 9 replies
We got an update today on water. 3 plants serve Asheville, they're working on all 3, South Asheville has water, the other two that serve the remainder (downtown included) will take longer.
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7 October 2024 | 20 replies
This 750 hours includes time spent on any real estate activities, not just managing rental properties.So, one spouse needs to hit 750 hours of real estate activities individually to qualify for REPS, but both spouses can combine their hours for the 500 hours of material participation.
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7 October 2024 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!