Like many in the STR community we has switched our target from STRs to Boutique Hotel investing.

The key is for you to separate the utility costs from the rent, then advertise your units with the rent rate only and explain the utilities later.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?

Target Price: $575K-$589K; ARV: $630K.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

What financial targets do you have?  

I feel like they took my money and didn’t give the excellent service advertised on their website.

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It's shifting to a model of a big anchor, a Target or a Costco, and lots of little businesses in that same shopping center.