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4 August 2024 | 10 replies
Looking at AirDNA results, my biggest concern is occupancy rates, most of the calendars I look at have large gaps in them, and when you spend close to $500/sq. ft at current prices (in STR-designated areas), your property needs to rent well above 80% or you charge crazy nightly rates.We've also seen very few property management companies that charge less than 25% there (and 25% is rare), and some STR neighborhoods require you to use their designated PM (Desert Colors only allows Red Rock, and they are at 40% commissions - ouch!).
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5 August 2024 | 21 replies
Most will tell you STRs are a lot of work and I won't disagree with that if you don't know what you are doing.I will say though, we have been able to put together some rock-solid systems and processes to streamline that to minimize the work and maximize the returns.My business partner and I are actually writing a chapter in a new book that is coming out this year about unique stays.
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1 August 2024 | 4 replies
yeah i believe the instulation is R22 Rock solid, R5 sxp foam on the concrete, and the dry wall is something like 5/8th thick.
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31 July 2024 | 2 replies
Don't look now but the 10 Year US Treasury is dropping like a rock over the past week currently hovering below 4.1% ahead of the FED Rate decision.
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31 July 2024 | 2 replies
As far as neighborhoods to avoid, I would steer clear of McKeesport, Aliquippa, and McKees Rocks.
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9 August 2024 | 184 replies
Lori my rock star RE broker wife that was the first thing that came to mind for her..
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30 July 2024 | 0 replies
Power stripped 60 years of paint from the floor-to-ceiling river rock fire place.
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1 August 2024 | 13 replies
Make sure you get a rock solid lease in place even if it is just for 30 days.
29 July 2024 | 6 replies
He wants landlord to take care of this matter by using rocks to cover the ground.
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29 July 2024 | 1 reply
In fact, only 0.75 acre of it can be used - the rest contains of steep hills, cliffs, heavy rocks - no way that can be used for anything (I was fully aware of that).