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26 December 2024 | 18 replies
With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.
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16 December 2024 | 1 reply
Certainly not by liquidating their retirement accounts that just suffered an historic drop in value.Do you feel that Oregon’s bias against landlords is a temporary fad, or a permanent change that may even worsen over time?
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31 December 2024 | 418 replies
I have no data on this but I would bet most of these offerings are not scams in any way shape or form.
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16 December 2024 | 5 replies
it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.
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21 December 2024 | 11 replies
This outlook is reflected in the prices resulting in poor initial cash flow but historically great long term cash flow.
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17 December 2024 | 3 replies
@Steve CastagnettaBe honest have not really found a very good one - and I always question data - why?
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19 December 2024 | 6 replies
Hey Grant- what did you end up doing to reconcile the data entry and system alignment between Buildium and QB?
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17 December 2024 | 2 replies
Historically it was used as an office for the previous building owner.
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16 December 2024 | 8 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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19 December 2024 | 6 replies
With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?