Jose Remor
Leaving a property management company.
25 November 2024 | 19 replies
You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections?
Edward Zachary Samperio
San Antonio STR Regulations: Summary of Findings and Next Steps
19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
Danny Lyu
My 2 Options: Personal vs Commercial Loan
26 November 2024 | 35 replies
If they say put up higher railings, additional smoke detectors, etc, complete it promptly and document it.I've been in the landlord business for 20 years, and I've always kept my properties to code and well maintained.
Sheldon D. Cummings
Mr. Texas Real Estate Investment Company
16 November 2024 | 4 replies
In all fairness, I have never participated in their mastermind group, but I have been pitched grossly over priced so called education programs from people that spend more time promoting and exaggerating what they’ve done in the hopes of getting a check from me with 5 zeros.
Frank Schofield
REO & ASSET MANAGEMENT CONTACTS
18 November 2024 | 14 replies
When I see these new posters do nothing but recommend the same company in every post and not participate on the site in any other way, I get very suspicious.If you newbies have affiliations with these companies you're promoting, I suggest you disclose it.
Ian Bollinger
DFW Area Investing: Mckinney/Sherman
18 November 2024 | 11 replies
A TI factory is being build in Sherman, and other developments around Lake Texoma promote growth in the area.
Alex Dixon
STR Tech Stack
22 November 2024 | 13 replies
For individual properties, we've recently started using a QR code system for wi-fi and email capture to save on costs.
Algerson Andre
Starting the New Construction Investment Home Process
21 November 2024 | 5 replies
Normally, unless there are specific building code restrictions, the amount of units allowed on a lot is determined by the Floor Area Ratio.
Anat Rinon
Looking for experienced project manager in St Petesburg
16 November 2024 | 3 replies
Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat
Steve Rozenberg
Needy Tenants
22 November 2024 | 15 replies
We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property