In this case, we’ll use the traditional 70% rule, so 0.7 is plugged in.Formula: (ARV * 0.7) – rehabExample: ($100,000 * 0.7) = $50,000Why Is This “Rule” Critical?

A lot of areas are growing fast, so improving the villas and renting them out is a great way to maximize returns.I’m actually a real estate agent in Kedungu, Tabanan—an area that’s developing quickly and just 15 minutes from Canggu.

Just make sure you’ve lived there for at least 2 of the last 5 years, which it sounds like you have, so you should be in the clear.As for timing, since both deals are happening around the same time, things should move smoothly.

My tenant called me up 10/09 to announce she is moving out on 11/8 and giving 30 days notice.I had a yearlong lease in place, and when it was up for renewal, I reached out by text “were you planning to renew your lease”, and she texted back “we love it here and want to renew the lease”.

Thank you so much for the quick response!

Once I got a second LLC and STR it wasn't easy to manage by myself or setup without hiring someone so I looked at Stessa and Digb.

Quote from @Michael Paling: 50% is too high.First off, the majority of my tenants never cause problems, so they have nothing to lie about.

Being in NJ, market is super competitive, so need to figure out how I can maximize the profit.

If so why?

I have personally never used it so I have no experience with it.