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24 February 2025 | 72 replies
I went through the setup process meticulously like 5 times, and it says everything is fine, support thinks everything is fine, but I don't get any booking.com messages in Hospitable, nor do the automated messages get sent out.It seems like quite the hack/workaround they have set up with booking.com so I'm wondering if it really works reliably at all.No I haven't tried Hospitable yet.... or any third party to help yet because I'm not profiting enough.
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3 February 2025 | 6 replies
Nevertheless, a facility is on the horizon and I have now started a non-profit with family to begin a secondary path.
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29 January 2025 | 7 replies
Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms.
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28 January 2025 | 7 replies
In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.
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29 January 2025 | 12 replies
Quote from @Brandon Vukelich: Question: why would you sell an asset that generates a profit today and will generate a more significant profit in the future?
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12 February 2025 | 27 replies
There is a profit but not worth the risk.
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4 February 2025 | 3 replies
The main issue is your exit is capped so if your costs go up, your profit goes down.
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31 January 2025 | 2 replies
Turnovers and vacancy kill a rentals profitability.
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3 February 2025 | 7 replies
During 2020 to 2022 I was fighting to keep my business profitable as materials and labor came in short supply and eventually led to the inflation we're seeing now.
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4 February 2025 | 24 replies
More repair costs because their maintenance team somehow "missed" things during the initial turnover.At this point, I genuinely started wondering what exactly the 15% management fee was for.The Bottom LineLook, I get it—REI Nation is a business, and businesses are here to make a profit.