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18 January 2025 | 36 replies
Pay the tenant to comply with the lease?
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14 January 2025 | 8 replies
If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.
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16 January 2025 | 3 replies
I have a small wholesaling business that operates in King, Pierce, and Thurston counties.
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17 January 2025 | 3 replies
If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.
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26 January 2025 | 21 replies
Most PMs concentrate on marketing, and at least somewhat neglect operations.
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14 January 2025 | 18 replies
I currently operate a few STRs so have a good understanding of that aspect although they're all located in touristy locations.
17 January 2025 | 5 replies
It sounds like you may be a better fit for a smaller operation that still offers guided tours.
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3 February 2025 | 27 replies
Managing the property yourself can save money, teach you the ropes, and give you firsthand experience dealing with tenants and operations.
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18 January 2025 | 6 replies
Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.
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26 January 2025 | 19 replies
It could be a game-changer for streamlining your operations.