There may be PM models out there that are hospitality based that can drive up revenue, and possibly not be 25%+ for you.

Hey @Keith Mintz, this was the standard AirBNB model when they started.It isn't something I am interested in, but if you do a search, you can find more info.

We make all the money in upgrades, so if you are thinking about walking in to a model home and pick all the upgrades they offered, you will get slaughter.

With the lower LTVs offered by senior lenders these days, it may be tempting to look at preferred equity and it may make sense since technically it is cheaper than LP equity, but also keep in mind they have a higher liquidation preference (obviously) but will often want all the cashflow (or a majority of it) to come to them before the LP investors and will also want large reserves, so make sure you model out the cashflows and understand the end-to-end deal with the preferred equity investors.We have some institutional investors with whom we did a combination of a pref and JV deal and it worked quite well for everyone including them and the LP investors.

We’re looking to rebuild our business model and would love your input as a landlord.

Check our the 5 year forecasted appreciation in Decatur at 18%!

It's easy to set up an account for each property and sub-accounts under that, which is how I would integrate the profit first model if I were you.

A client can also close on a new property in less than 45 days so no long closing or pre construction risk. 1031 exchanges are easy to fulfill with our model. 

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

Does RLS have a monthly/annual subscription model?