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4 February 2025 | 24 replies
(I actually laughed when I first learned this.)10% property management fee (With separate charges for new leases, repair management, and rent collection—what exactly does this cover?)
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15 January 2025 | 6 replies
I should look at the expenses vs the income (rent collected) and not the selling price of the property.
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11 February 2025 | 39 replies
I wanted to clarify that $2m was the collective asking price.
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15 January 2025 | 15 replies
Why spend 12% for someone to manage a property in good shape where you just collect rent and respond to an occasional need?
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23 January 2025 | 14 replies
I also wonder if some hosts only list during football season and then transition to mid-term rentals (MTRs) the rest of the year.New Tax Changes Coming in January 2025Starting January 2025, Airbnb will automatically collect and remit the 5% tourist tax for Gainesville.
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10 January 2025 | 11 replies
Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.
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14 January 2025 | 9 replies
1) Yiu REALLY need to know what CA will allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options.
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12 February 2025 | 75 replies
Facebook will collect the ad form submissions from people interested in selling their house to you, but you still need a way to get those submissions so you can contact them.
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29 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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21 January 2025 | 20 replies
Otherwise, I would sit on that property collect the cash flow and seek out great opporunities.