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12 August 2024 | 37 replies
If the seller does a “wrap” mortgage and the wrap is for more than the interest rate on the underlying mortgage, the seller retains the differential as monthly net and may be able to create a note with a high double digit yield.4.
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9 August 2024 | 39 replies
Great strategy for the following reasons: passive, secure (low risk) and nice double-digit returns.
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6 August 2024 | 0 replies
I built a better website and improved the digital marketing reach.
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10 August 2024 | 85 replies
Where your traditional renter was the tourist, you now have the retirees, digital nomads and other work from home crowd to boot.5.
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6 August 2024 | 4 replies
Paystubs only show last 4 digits.
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8 August 2024 | 29 replies
@Randy Rodenhouse actually all my deals generate double digits CoC, but because they had significant built in equity it looks like the money is not working well enough.
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5 August 2024 | 7 replies
I just need to find out now if they are "manually" recording or if it digital.
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14 August 2024 | 134 replies
Most investors have not much experience and have ability to do proper due diligence, but...some of the lead in those forum are so good (and way more sophisticated than BP) to do proper DD.Although however I found discussion for CRE that's merely generating 7% income and single digit IRR with high risk of default is going on for very very long time.
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2 August 2024 | 7 replies
Once I had their agreement I called the guest who refused to answer, so I called the cabin phone and let it ring for like 2 minutes until someone finally answered.I explained they knew the house rules, they signed my digital rental agreement that clearly spells out max occupancy and they signed up in the OTA with 7 guests, but only listed 6 people on the digital RA.
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5 August 2024 | 27 replies
The market rate for a full-service STR co-hosting company is 25% gross after cleaning fees.On average the following would be included... 24/7 guest communication, vender oversight, weekly updates on the OTA listings, make sure maintenance and deep cleanings get done...but owner pays the expense, stain removal on linens, marketing the property, keep supplies stocked...again owner pays the expense, keep property guidebooks updated (digital copy and hard copy), security (locks, cameras etc.) oversight, bi-weekly pricing software management, walk the property regularly, provide monthly reports, and obviously any guest problems that arise time to time.