Collin Hays
VRBO now charging guests 20 percent for a booking
6 June 2024 | 39 replies
Just for fun, I tried to make a reservation with a rate of $1 per night for 2 nights.
Scott Trench
Good Fees Vs Bad Fees For Property Managers
5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
Claudio Garcia Zuniga
Beginner Steps & Tips for Starting an LLC
3 June 2024 | 2 replies
Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, you can track income and expenses consistently, using software or spreadsheets.As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.
Andrew Kniffin
STR Agent in Snoqualmie Pass?
3 June 2024 | 8 replies
Since you mentioned Snoqualmie.....my only experience in the area was one of the most fun days of my life, at the Dirtfish rally car driving school.
Mary Munoz
Do you provide applications to everyone that looks at rental?
3 June 2024 | 19 replies
I get a lot of inquiries via email- or those silly Zillow "I'm interested" which I think people just click on for fun.1.
Sean Haran
Is a sewer scope worth it in Columbus OH?
3 June 2024 | 47 replies
the guy that snake with camera and iPad is always more expensive.sewer scope just do it my friend, do video recording, it's fun to watch.
Bobby Macik
Hello BiggerPockets! New PRO here
31 May 2024 | 6 replies
David, you have to check Pickleball out...I'm boarder line obsessed, Haha...Its a great workout and a lot of fun.
Jason L.
Determining Profit Share for Spec Home - Risk vs Capital/Other Contribution
3 June 2024 | 20 replies
Answer to this is what will lead to reaching a middle ground with terms and conditions that make sense to both the sides.The fun part of such capital stacking strategies is that it allows you room for creative thinking.
Paul Burke
Director of Marketing for PM in Columbus, Ohio
30 May 2024 | 1 reply
Fun fact: My introduction to multifamily was founding an app that was coined 'Tinder for Finding Roommates.'