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25 January 2025 | 12 replies
Once they are leased, then you can take over from there.There are several software options if you want to self manage.
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30 January 2025 | 6 replies
As you indicated you have plenty of options to start.
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17 January 2025 | 5 replies
Best option would be to separately meter the property 2.
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4 February 2025 | 5 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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4 February 2025 | 7 replies
Every single one of them has either said no, they didn't, or "I didn't know that was an option."
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20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.
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22 January 2025 | 8 replies
They have decent rental markets, and there are options where you could get in with a 20% down payment.
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16 January 2025 | 10 replies
I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.
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15 January 2025 | 8 replies
They do offer access to mutual funds, but I do not love this option.
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27 January 2025 | 4 replies
If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)