Are you aiming to host families, snowbirds, couples, or work travelers, etc.?

A good precautionary measure for everyone's safety.Also, there's a new rental management product on the market PropertyScale.com.

A minimum of 20% equity is my benchmark, ensuring I dont find myself upsupside down on my investment.Positive Cash Flow by the Conclusion of Year One:I aim for a positive cash flow figure at the end of the first year.

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

For the new tenant you sign, aim for a lease that ends in the spring or summer.For example, if a new tenant wants to move in on 11/1, try to secure a lease of 17+ months.

Aiming to get a C property, in a B neighborhood, to attract the best of the worst in terms of clients to capture stability of section 8.The biggest thing I'm stuck on is knowing who to trust. 

Additional fees may apply depending on the number of days the property is rented.Personal Property Tax: Starting in 2024, California requires some STR owners to report the value of personal property used in the rental (such as furnishings) for taxation purposes.Potential 15% Statewide STR Tax: A new bill (SB 584) may introduce an additional 15% state tax on STRs starting in 2025, on top of local TOT, aimed at addressing California’s housing affordability crisis​(

I know because I was part of that measure, as I worked with Dr Without Borders getting N95 masks out as I scoured and found "hidden supplies" from various home services warehouses and got them out there into medical services circulation.

This shift aims to avoid the high costs of renting temporary locations as the company focuses on stabilizing its business after emerging from bankruptcy in 2023.Meanwhile, Spirit Halloween is expanding aggressively, with a record 1,525 pop-up stores for the 2024 season, offering immersive experiences with animatronics and interactive displays.

This is exactly what we here at BP aim to help investors and soon-to-be investors with!