I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality. 

This is a tough investing environment with labor costs so high, in particular in NY. 

I am curious to hear from any member their prediction of where the market will be by Labor Day  In a bid to bolster domestic lumber production and potentially reduce housing costs, President Trump has signed an executive order to increase domestic logging activities in national forests and public lands.

And are the DIY folks including the costs of their labor or are they only counting cost of materials?

There are 35 different categories on the BOR, and each category needs to be separated into labor and material (i.e, Sidng = Labor $3,500 and material = $2,000).Happy to link up again and walk through the process in more detail if that would be helpfu. 

I don't remember exactly but it was around $10k total for labor and the 2 new boilers.

It needed a lot of labor to have it ready for move in.

I’ve been using platforms like Investorlift and FlexMLS to break down deals and run the numbers, and I’m always looking for ways to optimize my strategy.Right now, I’m particularly interested in South Carolina as an investment market, and I’d love to connect with others who have experience there.

I dont need to pick up illegal day labor at home depot . 

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.