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31 October 2024 | 5 replies
Here's what I’m considering for each:Houston: Diverse job market and high rental demand, but property prices are rising.Midland: Potentially lower property prices, but market stability often ties to the oil industry.Oklahoma City: Affordable market with decent rental demand, but I’m curious about long-term growth potential.Pittsburgh: Growing rental demand, especially in areas like Mt.
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7 November 2024 | 22 replies
But I would be missing items necessary for taxes, etc.
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8 November 2024 | 38 replies
It has a slightly more vacation-friendly vibe with its arts scene, annual events, and outdoor activities that draw visitors regularly.Since you're targeting STR occupancy over 50% without extreme seasonal dips, you might consider neighborhoods near popular attractions, like Tulsa’s Downtown Arts District or the lake areas nearby, which offer steady, diverse visitor interest.
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1 November 2024 | 22 replies
Do you cover items such as lawn maintenance, extermination, alarm and cable services?
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8 November 2024 | 31 replies
Hold Harmless & Indemnification clausesAs well as other items.
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6 November 2024 | 18 replies
Highly agree with Nathan - Buildium is a Nightmare to use for STR, it is not appropriate at all and prone to a lot of errors due to the sheer number of manual items that need to be adjusted in there.
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2 November 2024 | 22 replies
COSTS: I would look at any-and-all things needed to run an STR including items that are often done by owners--for example, property management.
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30 October 2024 | 7 replies
Your local partner can help verify if the area really supports those rents long-term.Regarding school ratings, they’re important for single-family homes but may not be as critical for duplexes, which tend to attract a more diverse renter pool (young professionals, retirees, etc.).
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5 November 2024 | 28 replies
If you set out to do the items I shared regularly you will actually cut down on liability and if a liability event occurs you will be far better prepared.
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1 November 2024 | 19 replies
We asked them to address 5 items that we saw as the most expensive and/or critical.