Investment Info:Single-family residence fix & flip investment in Lake Villa.

Investment Info:Single-family residence fix & flip investment in Lake Villa.

Purchase price: $268,750 Cash invested: $60,000 Sale price: $430,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Hardin, successfully completed a fix-and-flip on N Deerview Dr, Lake Villa, IL 60046.

Investment Info:Single-family residence fix & flip investment in Lake Villa.

Maybe you’re in a nice beach front villa.

Awesome reference to Pancho Villa as well....

I like valspar villa grey which is another warm greige (grey-beige) in a satin finish.

I think when you hire a PM you have 3 choices 1)  A very small local provider (<15 units) and they tend to me 1-2 person operations, they are the one unclogging toilets, answering guests, etc and it is tough to do everything, so things lack. 2) A large/nationwide provider where you are only a number and they usually lack local resources 3) A mid size local provider who have resources and you are not just a number.Through effective revenue management with a revenue manager, and being listed on 15+ sites including Marriott Homes & Villas, JetBlue and Allegiant Airlines, Hyatt and Amex Travel (coming soon) we are bringing in more revenue than most can self managing, offsetting our fee.One of the top questions I tell people to ask their manager is the fees, who keeps them? 

I'm not sure how you can compete against that and make some serious money, unless you own an expensive villa by the ocean but I'd love to learn if your friends have a recipe.To be clear, I never suggested that you can't make money with a short-term rental in Punta Cana.

Bogota Colombia is a primary focus for me this year and we have a client who bought a Villa in Bali Indonesia last year for 110K USD which generates him over 30K NOI a year.