Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
I would use cleaning services but it's my understanding I could use more than one company over the course of the year to limit how many hours one company spends on it.I'm looking into a utilitarian STR more for business travelers, so this won't be one where everything is perfect, it's bound to accumulate wear and tear I think.The STR would be out of state, but I plan to travel there for probably two weeks a year where I would perform many repairs myself.
Rhianna Cultrona
Managing our first Section 8
1 November 2024 | 34 replies
We also wouldn't recommend trying to DIY manage.Most S8 tenants will be Class C and Class C properties are extremely difficult to manage remotely!
Will Sherman
Anyone have a lease that includes periodic use of property by landlord ?
29 October 2024 | 5 replies
The other things to keep in mind utilities, cleaning before/after (fee, does it need to be dictated?)
Jonathan Greene
Constructive Criticism Will Help You as a New Investor More Than Blind Faith
8 November 2024 | 53 replies
A 32-year-old would never insult a politician in person, but they have no problem getting nasty from the safety of mom's basement.If profiles were verified and public, then we would clean things up a bit.
Brandon Weis
Excited to Grow with the BP Community
23 October 2024 | 4 replies
@Brandon Weis when it comes to PMCs, you'll find two main camps here on BP:1) Hardcore DIY landlords that think & promote EVERYONE should DIY manage. - Many are okay and actually understand DIY PM is not for everyone, but there are some that only have negative comments about PMCs.2) Owners & PMCs that promote hiring professionals.- Some PMC members are only here to promote themselves and don't offer much of value.
Yixiong Pan
Is it possible to manage long term rental remotely
24 October 2024 | 4 replies
@Yixiong Panin our opinion, it depends on the Property Class/Tenant.Class A: most people can DIY manage and learn what they need to know on the fly.Class B: A bit harder, takes more time and there's more risk with maintenance and tenants.Class C: should only be attempted by EXPERIENCED landlords!
Josh Cochran
Western Wealth Capital: What do you know about them?
31 October 2024 | 37 replies
Perhaps one level is just to clean up the unit and install new appliances.
James R.
Glut of STRs in Every Major Market. The Elephant in the Room.
28 October 2024 | 40 replies
Booked every night for a month, doesn't even cover the mortgage, let alone the cleaning fees and maintenance of the pool, etc. and if you have a property manager, you have to be cashflow negative.
Justin Smith
Notice to Tenants if not entering any of their units?
27 October 2024 | 3 replies
I have some cleaning and repairs that need to be done in the empty unit along with the common area.
Tucker Mason
How Do You Handle Property Management for Out-of-State Rentals?
25 October 2024 | 9 replies
@Tucker Mason in our opinion, it depends on the Property Class/Tenant.Class A: most people can DIY manage and learn what they need to know on the fly.Class B: A bit harder, takes more time and there's more risk with maintenance and tenants.Class C: should only be attempted by EXPERIENCED landlords!