This deal attracted Partner Driven due to its prime location in Port Saint Lucie, FL, and the potential for a quick turnaround.

Buy & hold investors may consider lower cost areas like Aurora, Joliet, SW Chicago, and others to get a balance of cash flow while still investing in a decent area.

We're meeting a potential property manager tonight!

If they are paid off, then it really depends on the rent and operating costs.

She also touched on the rising cost of property insurance due to climate change.

I'm not sure what a fair price is, but if they aren't doing anything and it's sitting even though it's supposed to be done at the end of October, it's going to cost me more money anyway. 

Carrying costs can add up quickly.

Negotiation Skills: Whether it’s negotiating leases, handling vendor contracts, or resolving disputes, strong negotiation skills can make a significant difference in operational efficiency and cost savings.In my experience, a property manager who excels in these areas not only helps protect your investment but also maximizes its profitability.

I guide clients who are looking to treat their STR as active.Somethings to consider are whether you should get a cost segregation study done, creating a log of your hours and having an understanding of what hours count / don't count.

Nexus Capital sees potential in Big Lots, and the sale is expected to close by the end of 2024.