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6 March 2024 | 22 replies
I'm sure there are things I'm not considering and would appreciate your feedback.Here are some additional details about the home and financial situation.Location: Atlanta, GeorgiaMortgage: $5513/mo @6% interestZillow Rental Estimate: $4966Current Mortgage Balance: $716kZillow Home Value Estimate: $825-1.02mAirDNA Information:Projected Revenue: $82.7kAverage nightly rate (as entire home): $347Occupancy: 65%Projected Operating Expenses: $41kManagement Fee: 20% - $16500Lodging Tax: 5% - $4134Property Tax: (included in mortgage escrow)Cleaning Fees: $6600Maintenance: $3400Insurance: $5200Utilities: $5172Projected Monthly Income: $6891 - $5513 = $1378Projected Expenses: $3416 /moAfter Expenses: -$2038 / moHere are my listings:https://www.airbnb.com/rooms/796636182229405398?
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6 March 2024 | 4 replies
Here are a few of the most common moderation concerns that our team encounters:-No Contact Information is Allowed in the ForumsIf you want to include your email address, website, or phone number for people to contact you, please put this information in your Signature.
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6 March 2024 | 2 replies
Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.
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6 March 2024 | 3 replies
We include a clause in our contract stipulating that closing is contingent upon tenants vacating.
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7 March 2024 | 19 replies
I would imagine any final version of drawings in you posession will contain language similar to what I am including below:
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6 March 2024 | 7 replies
I have been working on a insurance evaluation for everyone here and I will look at including this info in the post...once I can get ANY insurer to get back to me...
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6 March 2024 | 5 replies
Your future leases should include that this is your process.
6 March 2024 | 19 replies
In court they ask "where did you learn to do this, where did you get the paperwork, who else is doing this" and "Give us copies of everything you have ever done, including all marketing".
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6 March 2024 | 6 replies
I've been devouring any other resources I have been able find as well, to include all of Frank's podcast episodes, and a couple of others too.
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6 March 2024 | 3 replies
It is the bidder's responsibility to perform all research regarding the property, including the value, title defects, liens, mortgages, or other encumbrances.