
30 December 2024 | 819 replies
I know its a Massive catch 22 how do you start.. and what is the proper amount of reserves to have.. but as your gently alluding to anyone using ALL their liquidity and thinking one low end rental is going to get you to your as Morris calls it ( Freedom Number) this is ultra high risk.. much better to simply buy a REIT and let the pro's manage it.The risk of owning these assets is just not clearly talked about...

10 December 2024 | 6 replies
Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

11 December 2024 | 1 reply
However, understanding their requirements—such as down payment percentages, reserve requirements, and loan-to-value ratios—is key to getting approved.One of the biggest advantages of working with portfolio lenders is their ability to fund deals that traditional banks might pass on.

5 December 2024 | 13 replies
Although the Burnt Store areas are seeing somewhat sustainable demand for owner-occupied properties, we're currently still not seeing enough support for activities that would draw tourism into that area.

13 December 2024 | 7 replies
Otherwise, if you have plenty of reserves, then it's probably not worth the time in my opinion.

16 December 2024 | 18 replies
Present the pertinent property details efficiently (bullet points, not paragraphs), highlight amenities (in-suite washer and dryer or reserved parking), and include your company name ("professionally managed by...").

14 December 2024 | 15 replies
A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.

8 December 2024 | 9 replies
There were issues syncing the reservation calendar, and it is nearly impossible to reach a customer support representative with Booking.com as an individual STR owner.

12 December 2024 | 9 replies
However, as @Chad Hale mentioned, only if you can afford it - meaning both financially and mentally (e.g. how stable are both of your jobs, how long will it take you or your husband to find a replacement job, how much you have in reserves, and whether you guys are in a position to withstand that mental stress, etc.)When you mention 8k monthly, I am assuming that's net profit?

9 December 2024 | 98 replies
edit: you can store your coins offline too in case the net goes down for a bit.