
7 July 2024 | 14 replies
I am not an attorney, so don't take this as legal advice, but I had a lender tell me that financing with a DSCR compliments holding a STR in an LLC for liability purposes.Financing an STR held in an LLC with a 2nd home mortgage that reports to your personal credit creates a hole in the corporate veil per se.On the other hand, financing an STR held in an LLC with a DSCR loan that is qualified only by the asset's income offers much more separation of personal and business liability.

9 July 2024 | 2 replies
The problem with one off leases is that if there is a problem you will end up having to pay an attorney to learn that lease.If you want to go at it alone you might also consult with the attorneys at the title company that close your deal.

8 July 2024 | 14 replies
There should be a title company that will do this.

9 July 2024 | 8 replies
However, the property management companies I have spoken to have said that they require you to use them for everything I listed above.

8 July 2024 | 12 replies
They have provided us with actual data quantifying how much a certain amenity adds to your short-term rental revenues.I tell all my STR investors/second-home buyers in Colorado to get a hot tub, for instance, but while I know you do better, it's been hard to put numbers to it.AirDNA's March report has tried to tell us how much more revenue a home with X amenity gets over a home without X amenity.

9 July 2024 | 4 replies
If they are older, it is probably worth paying for an updated survey.4) Ensure the closing is done through a title company and insist on title insurance.

7 July 2024 | 35 replies
Has anyone had any experience with this company?

6 July 2024 | 4 replies
I recently participated in a webinar about turn-key properties, so I wonder if anyone has heard about this company: Invest 1 Properties Corp?

9 July 2024 | 1 reply
@Daniel Murphydo you have a friendly agent or title company rep you could talk to?

10 July 2024 | 11 replies
You can call an insurance company for a real quote, but let’s say $1,000/year on insurance.