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9 February 2024 | 79 replies
It is rare that a super host will cancel a reservation because we lose our super host status if we do.If you read the STR listing description and its reviews, and choose accordingly, you don't normally encounter surprises.
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7 February 2024 | 3 replies
I quickly learned that I really wasn’t qualified to estimate the level of repairs we encountered, and my team also wasn’t able to execute on my representations.
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8 February 2024 | 111 replies
How do you deal with a dead body in an STR, and have you personally encountered an intruder in one of your properties?
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7 February 2024 | 29 replies
Use HomeDepot's flooring calculator to calculate how much flooring you'll need (it includes a 5% extra flooring buffer because you will mess up some cuts)On the mental side, whether it's a big construction project or a simple LVP flooring project, you will encounter set backs, problems etc... you're going to want to give up, take a deep breath and push on.
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5 February 2024 | 2 replies
When eyeing multifamily investments, you’ll likely encounter two key metrics – cap rates and gross rent multipliers (GRM).At first glance, they seem similar, but there are some important differences between the two.The GRM simply divides the purchase price by the property’s total potential rental income–it doesn’t account for operating expenses.Cap rates, on the other hand, factor in both income AND expenses to give a more complete profitability picture.The main advantage of cap rates is their ability to evaluate better and compare investment returns, risks, and value.
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6 February 2024 | 23 replies
We, of course, perform market analyses to ensure that we are not pushing the boundaries too far, and so far, we haven't encountered much resistance.
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5 February 2024 | 5 replies
This can restrict investment opportunities for those relying on external financing.Risk of Unknown Property Condition: Since HUD properties are sold in "as-is" condition, buyers may encounter unforeseen issues or defects that were not apparent during the initial inspection.
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5 February 2024 | 10 replies
Would I encounter the same problem?
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5 February 2024 | 6 replies
I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in a couple months.
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3 February 2024 | 4 replies
This is standard for ACH so this is not specific to Buildium as you could encounter this with any ACH payment if the tenant lies and says it was not authorized.