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12 July 2024 | 7 replies
(But it wasn't apples to apples.)I looked at AirDNA's data recently and don't disagree with their broad picture but again, people here know that the details and other factors can tell a different story and bring success for some in the same area (comparables) and loss for others.I'm all about reducing risk and my read on climate data and global economies (& yes, politics) incline me toward continued investment in properties that have multiple channels of revenue, above a certain latitude, and more upscale.
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11 July 2024 | 2 replies
This is an area of a lot of ex-pats and longtime vacation takers, or people that have rentals there.
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12 July 2024 | 9 replies
People do not always stick with their first thought process during times of turmoil
12 July 2024 | 13 replies
Next time you talk to the renter that's paying late all the time, Maybe mentioned to him or her without getting too involved in their personal life, they should seek out a temporary job a few hours, a couple of days a week until they build up enough to get caught up on the rent, and make a little pool of money to use so they don't get behind again.Some Temporary jobs can be fun, like handing out rubber id bracelets at functions to the participants, or if the person is more blue collar they have jobs for those people too more suited to their tastes. just my 2 cents.
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12 July 2024 | 10 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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11 July 2024 | 9 replies
That's how people get over-leveraged and into trouble.If you want to invest, do it the old-fashioned way: increase earnings, reduce expenses, save, then invest.
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11 July 2024 | 10 replies
How many will you sleep (more people a little more in monthly utilities).
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12 July 2024 | 9 replies
This is far from impossible and many people have a lot of success managing their own STR, but it sounds more involved than what you're looking for.
12 July 2024 | 3 replies
Also $0 claims always impact peoples insurance as it changes their "insurance score".
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12 July 2024 | 7 replies
Actually the people telling me I can’t use B2 comps is Tax Shield!