Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
For a one-bedroom, cleaning alone would cost around $200.00 in NYC.The fact of the matter is many landlords do not know the going price for labor and supplies.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
For example, the 2nd to last photo of a random wall and floor with part of open door; what is that supposed to be telling?
Alec Dressler
How to Determine Public Interest in a Potential Airbnb Property?
13 January 2025 | 15 replies
We have also found looking at actuals and Airdna numbers of the same property, that they're pretty well right on once we take cleaning fees out.
Angie Ruiz
BRRR Project in Calumet Park
29 December 2024 | 0 replies
Reframed entire first floor to due previous fire.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Tod DuBois
Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.
Joseph Gary
Searching for a Multi-Family Property To Add To Portfolio
29 December 2024 | 8 replies
Not interested in installing new flooring or new windows.
Sergio P Ramos
Would you purposely burn down a property? Crazy? Or not possible?
27 December 2024 | 21 replies
Hauling it away is the bigger task, but cleaning up after a fire is probably even more work.
Elizabeth Orth-He
How do you handle STR laundry for larger properties?
26 December 2024 | 9 replies
With the exception of 1 bedroom units, you basically have 2 options:-Oversized/commercial machines (potentially multiple sets)-Off site cleaning with clean spares on siteThe latter is almost always the most efficient and basically what hotels do at scale.
Shayan Sameer
Fix n Flip 70% rule
3 January 2025 | 45 replies
The property seems to be in good shape and will requirecosmetic rehab. 5/3 house 2600 SQFTWe will need a new AC, Kitchen upgrade, bathroom upgrade, flooring, painting, andcarpet upstairs.