Annie Seurer
5 Simple Ways to Improve Guest Experience Beyond Design
11 June 2024 | 9 replies
:🔹 Map Your Touchpoints: Reach out at optimal times, provide pertinent info early, and maintain the right number of touchpoints.
Neil Louis
New to Multi Family Real Estate Investing - Seeking Guidance and Connections
10 June 2024 | 18 replies
With my IT expertise, I believe I can be a valuable asset in areas such as data analysis, systems optimization, and technology integration.I'm open to any advice, resources, or connections that can help me further my understanding of multi-family real estate investing.
Eric Inigo
Experience or thoughts on Homeroom?
14 June 2024 | 101 replies
As the founder of HomeRoom, I can't even tell you how many days and nights I've spent trying to develop the optimal experience for our roommates.
Nilusha Jayasinghe
Are we paying too much for a house hack?
10 June 2024 | 15 replies
You can optimize the property.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Mark Proctor
How to add my Airbnb to Google
7 June 2024 | 11 replies
Hey @Mark Proctor, what you are asking about is Search Engine Optimization.
Jason Knight
I'm Starting a STR Mastermind - Want to Join?
7 June 2024 | 69 replies
I have worked through Avery Carl's system and am looking to implement some of the strategies from "Optimize My AirBnB" as well.
Christian Signorino
My lead generation sucks, I need help
9 June 2024 | 36 replies
You act like you’re sharing a secret with the world when the world already knows about search engine optimization.
Barb F.
Primary —> rental: overwhelmed in Virginia
7 June 2024 | 4 replies
Having this bird’s eye view of my income for the next few years, how can/should I be optimizing this situation?
John Smith
Best Way to Pull Equity Out of Cash Deal - Cash Out Refi, Delayed Finance, DSCR, etc?
5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?