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13 May 2024 | 8 replies
We certainly made that mistake, with both listing-level and group-level customizations.Or there might be some other sensitivity settings you could use, e.g. the weight of local hotels in the algorithm (the default is super low, but in some markets, that's what you want to align to).We've been using PL 4 years now, and it's still a learning curve (and I say that as someone that's spoken in a webinar on behalf of Pricelabs on revenue management strategy).
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14 May 2024 | 164 replies
You may not be able to house hack a stock, but you do have opportunity costs overall that have to be weighted with the end results of both investments at the end of 10, 20, 30 years or whatever your goals are.
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10 May 2024 | 0 replies
Does anyone have, or is anyone aware of a calculator with inputs to show me whether a seller paid 3-2-1 rate buy down vs price reduction is best, where I have ability to input for how many years.
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14 May 2024 | 201 replies
608 N galloway price reduction to $849000 new construction.
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11 May 2024 | 4 replies
You cannot carry the weight of your residents' issues on your shoulders.
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12 May 2024 | 31 replies
If you have another exit strategy that you'd be happy enough with - holding on to it for a number of years instead of getting your funds back on your projected exit timeline - then that provides some risk reduction.
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10 May 2024 | 28 replies
Realtors exist for a reason and the good ones are worth their weight in gold]
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10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
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10 May 2024 | 36 replies
We also asked the seller for a price reduction to make the numbers work but the seller declined so we backed out of the deal and had your earnest money returned to you.
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9 May 2024 | 19 replies
The results have been higher occupancy, a huge reduction in check ins / turns, way less work on our part, and only a slight drop in net profit.