Another strategy we might also implement would be house hacking that next house, to reduce how much cash flow we would need.Thanks!

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Last, urban blight all-too-frequently accompanies many of these policies.But, on the whole, the coordinated set of policies implemented in places like San Francisco and Oakland, CA seem to just be incredible tailwinds to investor returns over long periods of time.

Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

Renovated all apartments, converted M2M tenants to annual leases, instituted strict rental criteria, implemented online payment portal, invested $75,000 into leasehold improvements (HVAC, drainage, exterior paint, concrete.)

Next time, consider implementing a RUBS system to prevent this issue from happening again.

I hope to gain knowledge and experiences along the way (hopefully with more triumphs then mistakes if the knowledge was implemented correctly).

Only choose one or two investment strategies to implement and learn as much as you can about them (picking multiple strategies will only lead to analysis paralysis and cause headaches, which will likely lead to no action taken).

You don’t want to get caught below market when your city/state decides to implement rent control mid-lease and trap you below market forever. 4) I’ve never raised rent less than $25 (already at or above market.) or $50-100 (5%) if even slightly below market.

I used to work for a large regional bank and I don’t recall us ever implementing this option.