
22 January 2025 | 203 replies
Owning a few typical properties in Cleveland gets you an extra $500 a month.

20 January 2025 | 7 replies
With the extra cash flow, you could strive to acquire additional income-producing properties over time.

15 January 2025 | 12 replies
Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.

14 January 2025 | 8 replies
Half of the PM's down here can't read contracts, don't know how to inspect a property for damage, etc. - they just use whatever contractor is giving them the most free stuff at the time.

14 January 2025 | 9 replies
That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

25 January 2025 | 14 replies
I might also subdivide the other property and sell half of it.

17 January 2025 | 10 replies
It taking half a day or a full day for someone to show up is completely commonplace at a hotel.

21 January 2025 | 7 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

6 January 2025 | 11 replies
This would obviously reduce my cash flow on both properties, as I would be paying the minimum HELOC payment plus extra towards the principal to pay it off quickly.

20 January 2025 | 19 replies
Over half of the things you said were literally false accusations based on your emotion on the situation and I’m not entertaining that of course.