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4 February 2025 | 17 replies
They countered and we met them in the middle at 15% under, and then negotiated an additional $15k off during inspection, so total discount was around $150k off list price/ what they paid in 2022.
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29 January 2025 | 9 replies
I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.
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30 January 2025 | 48 replies
My friend Dylan Marma would be a solid bet and I'd be happy to make an intro.Using leverage to scale, such as borrowing against this cash for larger down payments?
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21 January 2025 | 1 reply
In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).
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27 January 2025 | 6 replies
Additionally, I am beginning to believe you don't live there to be the "house monitor" as this seems to be going on for a time period.
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20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.
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13 January 2025 | 5 replies
You could certainly reach this demographic, but it could also cost you substantially more than the return.For the money, your best bet is probably a dedicated website for your property with the key words that you want to convey.
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23 January 2025 | 7 replies
Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.
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17 January 2025 | 6 replies
In southern CA, even garage conversion ADU additions are typically costing more than the value added.
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3 February 2025 | 4 replies
In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.