Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
Hi everyone,I’m looking for some guidance on improving the performance of our short-term rental, and I’d really appreciate your insights.
Robert Adams
2 Bed Condo > Converted to 3 Bed and Remodeled = Sold for Record Price for a Profit!
2 February 2025 | 1 reply
Good job!!!
Marc Shin
new STR just went live - how do i get reviews?
2 January 2025 | 13 replies
--reach out and thank them upon getting the booking and ask if they have any questions--send a "Welcome" email or automated message during the week prior to arrival--reach out the day after arrival to ask how everything was the first night and ask if there is anything that the property needs--reach out at the end of the stay (that morning or within 24 hours) and ask how everything was, anything to improve, anything to add to the house and then offer an incentive for returning guests.My 2 cents,Mike Absolutely stay in your place as Mike said.You will see things the cleaners will never let you know about.We stayed in our PF will putting up the Christmas decorations and found a cracked plastic shelf in the fridge.
Kody Glithero
Future Real Estate Plans Help!
16 January 2025 | 6 replies
Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.
Tim Hem
Capital Gains and IRS Publication 523
9 January 2025 | 9 replies
But again, your profit after selling costs (and any capex improvements) would have to be in excess of $60ok to really make sense.
Gabe Fermin
Augusta, Georgia (First Time Investor)
27 January 2025 | 8 replies
Augusta indeed offers great potential with a strong rental market driven by factors such as population growth and a stable job market.
Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Jason Weidmann
Looking to start investing in LTR,
31 January 2025 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
This is not as passive as other investing but it will help launch your portfolio so that you can continue to invest without needing to work additional jobs.
Duarte Marques
Is it possible to get DSCR Loan without credit score and other factors?
2 February 2025 | 9 replies
I'm a recent graduate and I was wondering how can I get access to a DSCR loan without having a credit score, not being an us citizen, now owning a house (some DSCR loans require that you own at least one other house) and not having a job.