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21 November 2024 | 21 replies
Part of the premise of hiring a manager is that they will manage repairs, including efficiency of repairs.Anyone can pick up a phone and throw unlimited amounts of money at a vague reported problem.
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21 November 2024 | 5 replies
As others have said, you can do the digging yourself with the municipality or hire an Architect to do this due diligence and provide a zoning and property analysis report bringing all the info together for you.
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20 November 2024 | 14 replies
From a tax reporting standpoint though, I am curious why showing a profit is even a concern.
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22 November 2024 | 4 replies
Thank you Bill. ill add the other expenses and report back in a year!
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20 November 2024 | 2 replies
And here is the latest BLS report.
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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
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25 November 2024 | 23 replies
You should expect to pay him $300 for an hour of his time (which should include a written report).
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20 November 2024 | 18 replies
This feature and the financial reporting piece of it really saved my life!!
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23 November 2024 | 26 replies
It would be of mutual interest particularly when I report this mess to the Attorney General of Arizona.
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26 November 2024 | 127 replies
Now with Covid we do not even travel to the U.S. so will use Facetime to see the progress I also get reports on our internal system for all my our contruction activities.