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16 January 2025 | 9 replies
Is it Leasing, Property Management, Vendor Management, Operations, Finance, Accounting...
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5 January 2025 | 28 replies
My vision is for this meetup to be informal and organic.
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11 January 2025 | 13 replies
It has been operating for 2 months now.
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17 January 2025 | 10 replies
And many hotels don't have 24 hour desks or 24 hour service.I don't get why all these newer regulations expect STRs to operate to standards that aren't even required of hotels with full-time staffs.
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12 January 2025 | 23 replies
The key is to pick a lane—focus on improving as an investor, finding great deals, and letting a solid property manager handle the operations.
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3 February 2025 | 31 replies
If they try to pay their labor as 1099 they run at great risk of violating a host of draconian labor laws such as AB5, the borello law and a litany of "misclassification" laws.There are substantial differences in how "right to work" statstate as operate as opposed to "non right to work" states.SBA defines a small business based on employees and revenue size.
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9 January 2025 | 2 replies
As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.
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19 January 2025 | 11 replies
But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.
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14 January 2025 | 8 replies
Operating your rental like a business is mandatory to protect you, your ROI, and your property.Hope this helps...
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22 January 2025 | 12 replies
From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.