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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.
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9 July 2024 | 11 replies
Al least , I can save the Eagle rock amenities tax, property tax and other county taxes.
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9 July 2024 | 11 replies
For the single family homes near the beach, they are really small unless it is a community with more amenities than most.
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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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9 July 2024 | 5 replies
Charge rent based on market rates and allocate based on square footage or amenities.
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10 July 2024 | 11 replies
Then you need to create your own buy right criteria: Age of asset, unit mix, median income, amenities, etc.
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8 July 2024 | 7 replies
Since I live less than a mile away from a hospital and clinic. this would be a perfect thing to set up. though, the amenities will have to be furnished.
7 July 2024 | 2 replies
For additional context, the property contains two renovated log cabins with various amenities, hiking trails, and a few outbuildings.
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7 July 2024 | 14 replies
People don't charge them up and get stuck somewhere...If the community is centered around golf carts for getting around, it seems like an amenity that should be provided.
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6 July 2024 | 5 replies
.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip!