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2 August 2024 | 5 replies
You'll probably find much more flexibility and speed if you build a relationship with a couple of them and get them familiar with you and the deal.
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1 August 2024 | 0 replies
We learned that even in fast-moving markets, maintaining a balance between speed and strategic pricing is crucial to maximizing returns.
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2 August 2024 | 12 replies
The most popular way to speed up your real estate growth is to buy fixer-uppers, rehab them with mostly sweat equity, rent them out for significantly more than 1% of your total purchase price per month, and then refinance the property to extract as much money as possible for your next down payment.It’s doable, but you need to find the worst property on the nicest block, as this will play a significant role in your refinance discussions later.Let me know if you would like to chat more and learn about the Toledo market, which is well-suited for what you are looking to do.Best regards,Phillip DakhnovetsGuardian Property Management419-740-0370
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1 August 2024 | 10 replies
Then they will also be unprofitable and they will sell them, it is a vicious cycle and there’s simply too many STR‘s in the Poconos right now, the demand isn’t there and basically no one is making any profits off STR right now in the Poconos, they’re basically all losing money month over month on STREven right now in peak Summer season, most of my friends places are barely booked: they have low occupancy rates, and when they are booked, it’s only because they had to lower their prices extremely low like $100 per night.
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30 July 2024 | 6 replies
The value add will be in the operations as the current owner(s) haven't kept their fingers on the pulse to run it at it's peak.
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31 July 2024 | 19 replies
.- Consistency: In neighborhoods like Northwest and Northeast San Antonio, long-term rentals can offer consistent demand due to local schools and businesses.Short-Term Rentals:- Higher Potential Income: You can charge more per night, especially during peak tourist seasons.- Flexibility: If you want to use the property yourself occasionally, you have that option.- More Work: Managing a short-term rental requires more effort with frequent guest turnover and maintaining high standards for reviews.As for platforms, Airbnb is popular, but you might also consider VRBO or Booking.com for short-term rentals.
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30 July 2024 | 5 replies
I live locally so I drive over to the property call police and she is speeding off just as I pull up with officers.
1 August 2024 | 125 replies
I have had more destruction and stress with tenants who have never even had a speeding ticket then I did with these two tenants who most people wouldn’t even consider them to be their tenants.Moral is, you can do all the background checks, credit checks, look at pay stubs and accounts till you think you found the golden tenant from heaven.
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31 July 2024 | 37 replies
Demand remains strong but even on peak dates with every park full the parks can't pack in enough people to fill up all the houses.Both Universal and Disney are expanding (Universal sooner) so that will drive up demand even more, but the problem is there is endless land out there so supply will always have a chance to catch up if developers get wind of new demand.That's why, at least for my own purchases, I'm focusing on areas with limited buildability where supply can't just scale in lock-step with demand for eternity.
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29 July 2024 | 10 replies
This will clear your mind and slow down the process which, ironically, will speed up your progress.