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9 February 2025 | 33 replies
Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!
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30 January 2025 | 6 replies
Cleveland is a great market if you know how to navigate it and have a good property manager.
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6 February 2025 | 5 replies
*I'm a property manager, not an owner, so I do have a 3rd account for business expenses as required here in Oregon.There are a plethora of software/apps out there for managing properties and funds.
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31 January 2025 | 21 replies
We manage them ourselves in VRBO and Airbnb.
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4 February 2025 | 3 replies
I run Blaze Real Estate a property management company in Amarillo.
8 February 2025 | 89 replies
That's just my take on managing expectations.
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5 February 2025 | 9 replies
I've found that if you're going to do section 8, a lot of your trust is in the property manager to make or break the deal.
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11 January 2025 | 14 replies
The same is true with property management.
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1 February 2025 | 3 replies
It makes lead management way more efficient since they get to focus on people who actually want to do business.
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19 January 2025 | 61 replies
And I dont have to manage 100 units making me $100/month each.