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13 November 2024 | 12 replies
BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!
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11 November 2024 | 2 replies
Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.
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15 November 2024 | 15 replies
Example: I define what zip codes (or neighborhoods) that I buy in.
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11 November 2024 | 6 replies
Waylon- To have the largest buyer pool, my opinion is to price and market the home as furnishings or turnkey options are negotiable.Since this home is flexible in its use - let the market participants decide which option works best rather than defining it for them.
14 November 2024 | 20 replies
Ask them to explain how you're supposed to have a warranty w/o them giving you the receipt.3) Labor Charges: should be defined in your PM contract OR they should present a bid for your approval with labor & materials.Now a couple of thoughts in the PMC's defense:1) If you didn't get a receipt, how did you match the exact same model at Lowe's, so the price of $530 is apples-to-apples?
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7 November 2024 | 15 replies
Any material change in the terms of sale, the tenant association right of first refusal is reinstated.Despite this being a pilot program, there is no defined end date for the tenant opportunity to purchase provision.Rental properties in the pilot zone are subject to further regulationsIf a purchaser purchases a rental property and uses any public funds in the purchase, then the rental property shall be maintained as affordable housing for no less than 30 years.Landlords may not evict for any other reason than serious, or repeated violations of the terms and conditions of a lease or occupancy agreement, otherwise defined as “just cause eviction.”PenaltiesAny person who violates the requirements set forth in this ordinance shall be fined, not less than $200 nor more than $1,000 for each offense.
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21 November 2024 | 305 replies
Do you have specific wording in you lease that defines number of guests allowed or specific hours on "quiet time" to address such issues?
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4 November 2024 | 16 replies
My advice is to start by defining your investment strategy and identifying the market you're interested in.
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9 November 2024 | 44 replies
I would define it as a property that has been abandoned by both the owner of record and the lien holders.
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4 November 2024 | 6 replies
A termination agreement with a defined move out date.