Brice Connors
Holding On Vs. Selling
28 June 2024 | 1 reply
At 3% a year (guesstimate) that is $4,800 more the house is worth each year.So the optimal play might be to rent it out for 2 years, make $9,600 in rent, gain $9,600 in market appreciation, then sell it and save the $20,000 in capital gains.
Sokun So
STR Co-Hosting / Property Manager OTA Setup
27 June 2024 | 1 reply
However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.
Mary Jay
Do you rent to people with bad credit?
26 June 2024 | 17 replies
With a 605 he is already not able to obtain optimal financing, easy rentals (at least in my market), etc.
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
26 June 2024 | 34 replies
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.
Yichu Zhou
Financial arrangement for Real Estate investing
25 June 2024 | 3 replies
This proactive approach can optimize your tax situation and ensure compliance.Starting with these steps can create a strong, organized system for your real estate investments.
Aaron Dubois
Trying to replace my mom's income with short term rental income.
26 June 2024 | 33 replies
I do have experience in web development, search engine optimization, writing copy, advertising, design, and user experience.With the rough numbers that I have so far, replacing and exceeding her income appears viable - Of course this is with financing, and a trusted friend joining as a partner.
Tim Tafel
Which Is Better? Virtual Assistants or Joint Venture Partners?
24 June 2024 | 13 replies
It always seemed like a not optimal way of creating incentives, loyalty, and good relationships with them in general.
Chris Carrigan
Refinance STR HELOC to conventional
23 June 2024 | 3 replies
There are a few ways to go about optimizing the equity in the property to accomplish your goals.
Reid Yoshida
Hello Bigger Pockets Community
23 June 2024 | 1 reply
It’s been an exhilarating journey, and one aspect I’ve found particularly fascinating is the critical role of property management in optimizing investment returns.
Matthew Spiers
Contractor Completely Overcharged Me - No Way to Pay
25 June 2024 | 16 replies
You likely will not be in a position to get multiple contractors to provide quotes on change orders which is why it will not be optimal pricing, but you need to know the cost.