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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
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10 December 2024 | 100 replies
Consider factoring in your CRM, transaction management platform, signs, lockboxes, and runners.
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18 November 2024 | 10 replies
I recently quit my job to dedicate full time to RE investing.Given the macro instability Latin American economies faced for decades, people with savings are constantly looking out for opportunities to invest in the US, specially in RE.So, a few months ago I partenered with a RE developer from my country and we are now focused on getting multifamily deals in Florida.Looking forward to connecting with all of you and adding value where I can!
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20 November 2024 | 1 reply
Are you focusing on online lead gen like Facebook ads, Zillow, or platforms like BiggerPockets?
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19 November 2024 | 1 reply
That’ll give you flexibility to automate and integrate workflows as your needs evolve.A direct booking site is a nice-to-have down the line if you want to save on platform fees and build a brand, but starting with platforms like Furnished Finder or VRBO is a solid way to keep things simple while you’re getting started.Good luck—sounds like you’re on the right track!
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19 November 2024 | 5 replies
Vrbo and Airbnb sync with each other for free, Vrbo has free dynamic pricing, both platforms send out enough automated messages for me.I check in on guests after they arrive to provide that small personal touch.We get consistent 5 star reviews with minimal effort.
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20 November 2024 | 18 replies
I’ve made a conscious effort in automating and digitizing more of my rental management tasks and can share some of the tools I've been exploring that might be helpful to others.I use Baselane a lot, it is a platform that's really geared towards landlords and real estate investors.
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20 November 2024 | 4 replies
From what I've seen, the average view-to-application ratio on platforms like Facebook Marketplace can vary quite a bit, but a general ballpark is around 5-10%.
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20 November 2024 | 9 replies
I've dedicated a considerable amount of time to reading books, tuning into podcasts, and educating myself about the real estate market.
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19 November 2024 | 5 replies
Dedicate sufficient working capital to your business 6.