Digitize physical receipts for easy storage.Additionally, you can track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.

Like some other cities in Mexico, Tulum is fast becoming one of the favorite spots for digital nomads and the work from anywhere crowd so you should have good internet throughout.

I think we can all agree, we're not going to see the double digit appreciation we saw in the early 2020's. 

I wish I had money when interest rates were double digits, but I didn't. 

I'm not sure the specifics of that market but my initial gut reaction would be that 90+ day stays may be a bit too limiting to make an MTR worth it. 90 days could work well with the average 13 weeks for travel nurse contracts but may limit your digital nomads, business traveler, etc bookings.

I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!

I am at low 8 digits profit from local RE with just 10 properties including over $2m appreciation on a single property.  

The key is hiring the administrator that understands beyond the typical Wall Street casino "managed funds" nonsense and into the realities of secured lending.

GAAP accounting, reporting to the Federal Government every month, and a business mind says: take the loss this quarter while we have income to offset.Account Closed foreclosure where borrower doesn't file BK or lie and change the title or other postponement ....s costs about $55000 today as digital processes and video hearings save time and money.There are better tools today.

But the difference between that time and now is two things, in 1970s era the interest rate is in the high single digit.