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30 December 2024 | 89 replies
They'll likely have follow up questions about who handles maintenance, larger SD, etc... so be prepared to quickly answer these.Value to mention:- Professionally cleaned property after each stay and exterior upkeep- Staged photos that you can share with the owner for marketing purposes- Capex coverage up to $XX,000 (might need to include in SD)- Extra $XXX per month (likely may need to pay a little extra in rent to make it worthwhile, otherwise they can collect the same amount as LTR)Also, google "Airbnb apartments" or check their website.
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4 January 2025 | 67 replies
Some people save money by collecting local seed.
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17 December 2024 | 8 replies
The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.
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20 December 2024 | 9 replies
For example:Current rental unit: you collect $2500 in rent.
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17 December 2024 | 36 replies
They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space.
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15 December 2024 | 25 replies
Plus, they handle online rent collection (a necessity if you don't have a property manager!)
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16 December 2024 | 7 replies
We have a judgement but since they closed their offices LLC that entered into the contract we have no way to collect.
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20 December 2024 | 28 replies
I have a C-Corp (no assets) as the Prop Manager to manage leasing and rental collection for all 4 LTRs.
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16 December 2024 | 23 replies
And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.
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19 December 2024 | 8 replies
Build 2 or 3, get them running, collect some cash-flow, and see how the business goes.