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27 February 2024 | 4 replies
I've worked for one of the largest (if not the largest) STR PM in the country and depending on your region they generally charge 20-35% of GROSS revenue.
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28 February 2024 | 6 replies
Lots of options but you will want to select a sponsor with a track record and an investment you are comfortable with.Make sure to do lots of due diligence Thanks Chris, yes, I agree there are many options out there and I’m trying to find the best one for my situation, in my original post I asked about the RE syndicate companies, I would love to hear some recommendations from you guys.
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28 February 2024 | 11 replies
@Kieran Dowling I agree with everyone that you should act as your own General contractor and hire the sub contractors to do the jobs you can not tackle.
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28 February 2024 | 19 replies
I own a demolition and site work company that has transitioned to new construction so I've been in the space for years in columbus ohio. not sure what market you are in but I'd look where land is cheap. you are competing with love's around the country in rural areas so I would say urban or within 30 miles of urban is much better they don't build them that close. https://ops.fhwa.dot.gov/freight/infrastructure/truck_parkin...
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28 February 2024 | 4 replies
Strongly agree with the above.
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28 February 2024 | 4 replies
The co-op that owns the parking lot has agreed to allow me to have 2 more spots for winter overnight parking.
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28 February 2024 | 10 replies
Property Management always seems to provide challenging topics to explore :) I agree with the others who aforementioned zoning considerations, water/electricity hook-ups needed.
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28 February 2024 | 17 replies
@Travis Hinnant agree with Jared on this.
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28 February 2024 | 6 replies
However I agree with @Theresa Harris You need to have the specifics on who is the primary on the lease and put that in the lease.