![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/432763/small_1695828386-avatar-patrickp14.jpg?twic=v1/output=image&v=2)
31 December 2024 | 17 replies
@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3164566/small_1735983084-avatar-luism510.jpg?twic=v1/output=image&v=2)
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3163127/small_1735769566-avatar-alliew18.jpg?twic=v1/output=image&v=2)
3 January 2025 | 14 replies
We travel for work (healthcare) and chronically live out of MTRs, so it will be our first time operating a shorter term, but won’t be an entirely foreign situation to us.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1145788/small_1621509571-avatar-jorgec58.jpg?twic=v1/output=image&v=2)
7 January 2025 | 28 replies
I support (and use) a utility-cost cap amendment in our leases to ward off those who might want to mine cryptocurrency or operate an indoor greenhouse, but the vast majority of MTR have utilities included and the vast majority of travelers expect that they are.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1414473/small_1736883550-avatar-bradyb41.jpg?twic=v1/output=image&v=2)
17 January 2025 | 19 replies
and far less expenses during operation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/313899/small_1735939757-avatar-rrubel.jpg?twic=v1/output=image&v=2)
4 January 2025 | 5 replies
@Ryan Rubel There are certainly quite a few restrictions in those two areas, in Carlsbad you have to be within the coastal Zone...I have a multifamily in Carlsbad Village a block outside of the coastal zone so I'm unable to operate it as an STR unfortunately.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2638188/small_1674058671-avatar-rener65.jpg?twic=v1/output=image&v=2)
2 January 2025 | 2 replies
You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/180553/small_1621422761-avatar-kfettke.jpg?twic=v1/output=image&v=2)
6 January 2025 | 38 replies
Let them build through hard work like teaming with reputable operator who may take a cut but own the project etc.Neal Bawa and associated companies are another bunch or lier’s who project rosy picture to sign up people but fial to deliver.Those two have made my experience with real estate very companies very negative.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2724499/small_1694606974-avatar-harrisonj13.jpg?twic=v1/output=image&v=2)
31 December 2024 | 0 replies
We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2751527/small_1708871557-avatar-johnm2761.jpg?twic=v1/output=image&v=2)
31 December 2024 | 22 replies
No one is going to come to your door stalking you, but feel free to pay a few grand a year to "hide" your identity that will be able to be found in 15 minutes or in a request from the tenant if they request ownership of the LLC or the operating agreement to understand who they are signing a lease with.