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19 January 2025 | 61 replies
I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally I don't want to risk my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end..
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8 January 2025 | 27 replies
Especially when the insurance paid for it, contractors don't cut corners.We have probably several water issues every year across the portfolio.
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25 January 2025 | 25 replies
STR as a Strategy for Leveraging Housing AllowancesAmericans stationed overseas have a unique edge: they can leverage housing allowances to reduce risk while building wealth.
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17 January 2025 | 20 replies
That’s a solid strategy—sticking to areas you're familiar with definitely gives you an edge.
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31 January 2025 | 19 replies
While I didn't love the 30% cut they took, I was happy to have it in experienced hands (and a lot of what they did, advised, etc. was on-track with what I had researched, discovered here and on other STR forums).
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30 December 2024 | 8 replies
To these responses I just cut/paste the ad narrative into an email reply.
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27 January 2025 | 35 replies
As when people lose their jobs, the vacations they take is the first choice to cut back on.
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12 February 2025 | 179 replies
You may want to contact Elite directly and cut out the middleman.
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19 January 2025 | 56 replies
It makes us concerned about the safety of our funds.I can PM you the names and if its a legit response - I can update my view on the forum.
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9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.