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22 January 2025 | 22 replies
My current occupancy rate is around 40%.Property Details:1,400 sq. ft. single-family home (3 bed, 2.5 bath)Weekend bookings are more frequent, with limited weekday staysWeekend rates: $150–$250/nightWeekday rates: $80–$100/nightAirbnb Listing: https://www.airbnb.com/h/vip-houstonWhat I've Done So Far:Created a brand-new Airbnb and booking.com listings to eliminate bad reviews from Airbnb and Booking.comHired a reliable cleaner ($150 per cleaning)Manually update pricing often on Airbnb (tried Pricelabs once and gave up when nothing improved within the month)Change my cover photo at least once a week or soListed the property on Airbnb, Vrbo, Booking.com, furnished finder, Zillow, and Facebook marketplaceScheduled handyman visits every six weeks for minor repairs and paint touch-upsI'd appreciate any feedback on the steps I've taken and suggestions on improving my listing and overall performance.
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20 January 2025 | 14 replies
The limit on scaling is your deal flow (mine never was that good) and time it takes to perform the value add (I got fairly quick for example, my last rehab did all new plumbing, electrical, and flooring.
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21 January 2025 | 10 replies
You also have to factor in time limitations.
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1 February 2025 | 15 replies
@Mike ReynoldsRegarding your comment that if you need funds you can use money from your side business:You can't use non-retirement funds to pay for expenses related to real estate held inside you Solo 401k.Subject to the contribution rules and income limitations, you may be able to contribute non-retirement funds to your Solo 401k (e.g. as an employee or employer contribution) and then you could use the funds in your 401k to pay for expenses related to real estate owned by your Solo 401k.
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10 February 2025 | 21 replies
That leaves them with all the power to deny any loan you get, regardless of what it would cost you to repair it.
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12 February 2025 | 9 replies
If a suit isn't timely filed, the lien will fall off after the expiration of the statute of limitations.
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25 January 2025 | 15 replies
All this to say they are getting serious about permitting so if you are planning to invest in San Antonio in the short term rental space, MAKE SURE to check that the property is eligible for a short term rental permit given the density limits above and have a Realtor experienced with the San Antonio permitting requirements and rules.
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20 January 2025 | 7 replies
The condo will limit the rental options to age restrictions.
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10 February 2025 | 62 replies
Most of the advice you get on BP is limited to the real estate sand box (duh.) - in 2025 your energy is better spent on a business than a duplex that cashflows $200 or less.
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21 January 2025 | 14 replies
This also gives me solid staying power when maintenance costs arise.