Michael Plaks
The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
@John Tan potentially.
Deandre Brown
Need some help
21 September 2024 | 0 replies
The property is a 5-bed, 2.5-bath 3800sqft home with a separate area in the back where a woman runs her daycare business.
Tomas Nuno
Is it possible to house hack with you partner?
23 September 2024 | 21 replies
But the 2 bedroom apartment upstairs covers most of our monthly payment and we have everything we need with a 1 bed apartment setup down here.
Jeremy Altdorfer
I'm going from going from duplexes to 24 units and I don't want to F*** it up.
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success
Shane Roberts
Advice on Mountain Home STR Necessities
21 September 2024 | 10 replies
My quintessential mountain cabin will include comfortable leather furnishings, wood for the fireplace, big coffee mugs, plaid window treatments and/or bedding, extra blankets, and taxidermy hangings.
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
Even once when my home was broken into while I was lying in a hospital bed, the landlord made his way over.
Aaron Buehler
How accurate are STR revenue generator websites?
20 September 2024 | 17 replies
Use their market analysis tool to sort by properties similar to yours (#bed/baths, SF, location, amenities, etc.) and look through specific listings to find ones VERY similar to yours.
Helene Goodworth
Another potential deal that I am trying to figure out
22 September 2024 | 22 replies
The differences in bed/bath counts actually do not matter that much, but typically sqft does.If you are off by even $100/mo per unit rent-wise, this could turn an 8% CoC return into a 3% CoC return instantly - in which case you'd have been better off just putting your money in the S&P500 and not a rental property.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
If 2 bed rent is 1,500 a month for example and range for area is 1400 to 1800 then bottom range which tends to make tenants more sticky and hard to leave.