Max Dauer
How Much Time Do You Spend Managing Your STR
9 December 2024 | 7 replies
Sending a personalized greeting to guests when they book, answering their questions, programming lock codes, logging new bookings in my records and notifying my cleaners of them and any requests for early check in, paying cleaners monthly, ordering supplies, updating my listing descriptions about once a week even if it's just a sentence here or there (helps with rankings on the platforms, esp.
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
Not sure about Georgia, but in Washington we have a revised code that addresses this.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
Jonathan Cooper
Prorated depreciation for str
11 December 2024 | 16 replies
Does the tax code say this directly or is this inferred from the mechanics of the bonus depreciation calculation?
Tim Thompson
Destroyed Property during Domestic Disturbance
10 December 2024 | 6 replies
Let her know she can change the locks and give you a new key (or if it is a keycode, she can change it and give you the new code).Â
Justin Wren
Renatus?
8 December 2024 | 21 replies
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Gio Kattan
Rehab without Permits, PLEASE assist!
8 December 2024 | 2 replies
I’d be very grateful for any advice or recommendations on how best to approach these modifications.Also if I were to refinance in the future to pull out cash from the property, is this something that banks could refuse to lend on if I have code violations of lets say a wall that was moved or removed?
Charlie Cameron
Assisted Living Investing Q&A!
7 December 2024 | 11 replies
My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas)Â to get your property up to code?
Matt Stull
Buying a STR in Red River Gorge
11 December 2024 | 8 replies
If you ask nicely and promise not to share, you can usually get good financial information on the properties that are currently operating as a STR.If you're just starting out looking, you may not be aware of just how many cabins out there are poor quality builds due to the lack of codes.
Richard Tyler
LA County Assessor's Office asking me for confidential info on my property
6 December 2024 | 0 replies
They said that per California Revenue and Taxation code, they're asking me to provide them info such as the purchase agreement, rent rolls, etc. to assist them in doing the reappraisal of my property. Â