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11 January 2025 | 12 replies
My updated expected monthly rental income will be $2,800, resulting in a cash flow of $795 per month (excluding my share of the split utilities).I plan to set aside at least 80% of my cash flow for property-related expenses.Additionally, I’ll be installing keypads and security cameras for enhanced safety and operational efficiency.
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11 January 2025 | 49 replies
I say calculated because we are still within our first year of operations so I wouldn't be able to tell you what the actual average stabilized returns are until I have enough data.
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31 December 2024 | 418 replies
Same thing with Clayton Morris and any other well known operator really.
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27 December 2024 | 8 replies
It should clearly state the operating income, operating expenses, and net operating income.
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17 January 2025 | 19 replies
On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this
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30 December 2024 | 6 replies
I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.
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7 January 2025 | 20 replies
If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.
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5 January 2025 | 24 replies
Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale.
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1 January 2025 | 7 replies
The other unit a hot tub.The unit with the pool and hot tub has been operating as a STR for two years.
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29 December 2024 | 3 replies
Does anybody have experience with sober living, or group home operators renting your home?