If your rental rate is below the market anyway, a Tenant might consider this to be win as they would get the lower rate in the beginning and just rise to the level they were looking at everywhere else.Step clauses can be written right into the lease, or created by using 3 month lease terms with an auto-renewal at the step up rental rate price. 

We cut that cost in half by training and certifying people on our team and it created a better experience overall. 

Location-Specific OpportunitiesIn markets like Germany, STR regulations are stricter, which creates a natural barrier to entry.

My general rule of thumb is that a property needs to do 15-20% of the purchase price in gross rental income.

Focus on creating a serene, standout vibe and avoid furniture sets.

Then try to figure out if its best to have their funds go to a CRT or if we as a nonprofit can create a 403(b) plan for the investors.

Are there rules about renting it out?

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.

What I wrote above does not create an attorney/client relationship between us.