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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
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22 January 2025 | 12 replies
I've done corporate relo a handful of times.
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20 January 2025 | 8 replies
For instance:If your area has many corporate offices or conference centers, you're likely to attract business travelers.Family-friendly suburbs with parks and schools often attract families.Downtown locations near nightlife are popular for groups and parties.Review Competitor ListingsSearch for successful Airbnb listings in your area and study their target audience based on:The language in their descriptions.Their reviews (guests often reveal the purpose of their stay).The amenities they offer (e.g., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.
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22 January 2025 | 9 replies
I'd like to get weekly updates if we have a vacancy or ongoing issue.
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15 January 2025 | 14 replies
Dont fall into the $/sf trap or start thinking "$50k SHOULD be able to update a small house".
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13 January 2025 | 3 replies
Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.
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23 January 2025 | 56 replies
I'll update this post once I see how that goes!
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17 January 2025 | 19 replies
Quote from @Jordan Gibbs: Quote from @Lindsey Pinkham: Any update on if anyone has done this program?!
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17 January 2025 | 6 replies
Additionally, the house is 25 years old and could use cosmetic updates to increase rental appeal.