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4 February 2025 | 7 replies
I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).
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5 February 2025 | 16 replies
Will you hire a property manager?
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2 February 2025 | 9 replies
That said, here is how I would proceed...For some background, I used to run an STR management company in SATX and we peaked at about 35 properties under management.
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4 February 2025 | 7 replies
You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.
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27 January 2025 | 7 replies
If there is a property manager, your success rate is going to be very low.
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4 February 2025 | 6 replies
One challenge to manage is being able to clarify for lenders on those rentals (if you have them) which amount of the premium should be paid for each rental so that they do not include the entire premium into their escrow analysis, inflating your monthly payment on that rental.
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3 February 2025 | 79 replies
I do property management only that saves 10% and can be done while managing a W2 job.
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6 February 2025 | 12 replies
Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.
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30 January 2025 | 0 replies
You’ll face hurdles like maintaining a steady deal flow, securing funding, managing renovations efficiently, and optimizing your exit strategies.This guide highlights key strategies for investors looking to transition from single deals to a scalable, volume-based distressed property investment model.1.
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4 February 2025 | 10 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.