4 October 2024 | 26 replies
High rent properties tend to be harder for us to rent than others because there are fewer people looking to rent in that price range than just buy.
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3 October 2024 | 1 reply
It’s great that you’ve already started practicing with NOI and cap rates for evaluating properties, but you're right that smaller properties, like quadplexes or less, are often valued differently.For residential properties with four units or fewer, the market tends to focus more on comparable sales in the area rather than purely relying on income calculations like cap rate.
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5 October 2024 | 5 replies
Due to my background in consumer lending, I am highly skeptical of paystubs and other address verification due to the widely available websites that are out there to generate forms relatively easily... so I like to verify the information by contacting the listed employer using their listed number on Google to avoid possibly calling a friend etc.
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7 October 2024 | 24 replies
We can transfer to our other accounts easily.I believe Bill Pay is in the works but not positive about that.Stessa is a great tool for someone who does not want to use paper or excel and has fewer than 50 units.
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7 October 2024 | 12 replies
Consider the Costs and Benefits: Legal action can be costly and time-consuming, so it’s important to weigh the potential outcomes against the costs involved.
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4 October 2024 | 11 replies
(You give people a chance to buy a MF with 5% down and then you crush them with the rate...)Living in your own investment will be a valuable experience as your management is right there, and addressing issues is not as time consuming.
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4 October 2024 | 10 replies
That was one of the most difficult and time consuming things when I was managing my own properties.
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4 October 2024 | 8 replies
We have 3 companies bid every property annually and we add the cost of consumables to cleaning cost and that is what the guest pays.Airbnb will convince you to charge $100, flex cancellation policy, instant book, and no cleaning fee if you let them.
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4 October 2024 | 10 replies
However, I offered to accept an alteration for 9 nights (2 nights fewer than original booking), which would have been roughly 50% refund.Message between me (M) and guest (G): - G: shares Airbnb's cancellation policy after check-in: a 50% refund of every night that remains 24 hours after you cancel.
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2 October 2024 | 8 replies
No local attorneys wanted to do such a time consuming, possibly long search, so we were not able to purchase the land.