Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There aren't too many other cabins like it in the area on Airbnb to compare it to.

They might be fine managing new construction, but I have seem MANY investors almost tank from their fee schedule on managing older homes...i would compare it to almost predatory practice.

The wholesalers in Philly are comparatively decent in my opinion and there are still deals there.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

Did you feel you had any difficulty getting started with the listings compared with if you had started them with your personal account that would have been more reputable at first?

Also, I believe the tax benefits are horrible compared to the states, but I'm not too sure.

Comparing these metrics before and after the addition helps identify if the amenity is driving more business.Increased Rates: Some amenities allow you to justify higher nightly rates.