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25 November 2024 | 19 replies
@Christian Gibbs a lot depends on what the attendence at town council is about, are they specifically representing you and your property to town boards?
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1 December 2024 | 91 replies
I assure that is the conversation in those board rooms "ah, almost feel sorry for the suckers, but hey, business is business".
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21 November 2024 | 5 replies
AAA The first step like others have mentioned is the zoning board and an architect.
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26 November 2024 | 127 replies
This not only creates financial strain for landlords but also results in fewer rental units being available, exacerbating housing shortages for new tenants.Another major challenge is the backlog at the Landlord and Tenant Board (LTB).
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21 November 2024 | 15 replies
I'm also on the board of CFRI, the local chapter of the National REIA so that might be a good resource for you to check out too.
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22 November 2024 | 9 replies
@Andrew Fidler I know a guy that's on the advisory board of LMHA.
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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
19 November 2024 | 15 replies
This is the oldest professional tenant trick in the book, but you should definitely get a lawyer on board now.
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20 November 2024 | 1 reply
The October 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices in the Austin metro over the past 12 months.
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18 November 2024 | 8 replies
It's also a great way to pass buildings down to your kids who want nothing to do with the active management business.