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15 September 2024 | 11 replies
If I were to purchase a SFR from a consumer I would INSIST that they employ an attorney.
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20 September 2024 | 114 replies
.), $2.1K of travel (flights & rental cars), $2.3K in software subscriptions (PMS, etc.) and $300 in mealsManagement Fees ($1.7K) - PM fees, booking platform fees, etc.Cleaning Fees ($6.2K) - pass-through charge for guestRepairs & Maintenance ($10.5K) - General R&M ($1.5K), Painting ($1.2K), Plumbing ($1.5K), Pest Control ($500), R&M Supplies ($500), Labor ($3.5K), Linens, Soaps, Consumables ($1.5K)Legal & Professional ($1.5K) - LLC setup & lawyer fees ($350), inspections ($1.1K)Utilities ($6.4K) - Gas (avg. $63/mo.), Electric (avg. $121/mo.), Internet (avg. $60/mo.), Water & Sewer (avg. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.
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11 September 2024 | 21 replies
Well, I'll repost here what I originally did in response to the email from Vrbo that some people got saying Vrbo was giving a promotional discount to prospective guests, and hosts could opt out if they wished.
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18 September 2024 | 67 replies
Amazing how many investors, who are supposed to be business people, not just normal consumers, fall for sales pitches that lack substance once you dig deeper.
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11 September 2024 | 4 replies
Consumer sentiment is expected to improve with inflation easing.
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12 September 2024 | 0 replies
The retailer previously announced plans to shut up to 315 locations.Big Lots joins several other retailers, like LL Flooring and 99 Cents Only, in filing for bankruptcy as the industry grapples with inflation and changing consumer habits.
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11 September 2024 | 16 replies
The goal is to opt into as many broker sites/lists as possible, so they start sending you OMs, and you can start underwriting deals.Then, you can start scheduling tours on some of these deals.
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11 September 2024 | 9 replies
Actually, above that I'd love to see an opt-out clause if X of the raise goal is not achieved before closing.One may try to say it's a bait-and-switch of sorts, on risk levels, to close w/o the full funds IF the chances of quickly closing out the remaining raise are not realistic.
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14 September 2024 | 26 replies
I'll answer from a consumer point first.
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12 September 2024 | 9 replies
It is more time consuming if you are managing it all yourself.You didn't list selling a property as an option to pay down loan principle.