Lotus Eli
Innovative Strategies for Maximizing ROI in Short-Term Rentals
30 September 2024 | 46 replies
We found in our research that even at the increased price-point, a mountain view is worth its weight in gold.
Hana Mori
First time getting a DSCR loan and this happened...Is this what I should expect?
4 October 2024 | 2 replies
I have had this happen to clients of mine that worked with other lenders.
Gregory Stephenson
Is it smart to invest in real estate?
3 October 2024 | 1 reply
One freind of mine at the time had peoperty he owned and it was in his name (for some reason not his company).
Nicholas Cavato
Best Business Standard Mileage rate App
3 October 2024 | 6 replies
Mine is set up to send a weekly email reminder for unclassified trips (which is probably its default).
Kerry Noble Jr
Anyone sell tradelines?
4 October 2024 | 29 replies
Because of that they’re in their early 20’s with scores in the 750’s (mine are all above 800)..
Josephine Ramesh
North Georgia Mountains - Airbnb
3 October 2024 | 16 replies
@Josephine Ramesh Although I don't own a lake front Airbnb I've been looking into converting a long term rental of mine into an airbnb.
Michael P.
need thoughts from people with more experience then me
2 October 2024 | 3 replies
new to this and just looking for some advice guess i really i don't no where to start so any advice is appreciated bought my first house in may and thing seem to be going well so far its more of a boarding house / house hacking roommate situation with people i know for the moment plan on doing some things to up the equity but am limited on funds i know the neighbors house just sold for a bit more then i paid for mine so that's a plus and mine is nicer and in better shape i have almost no debt for the most part except the current mortgage on said house don't make much from my day job less then 3k a month after taxes and have good credit. i guess i just really need to know where to start should i be starting a LLC or something similar?
Anthony Zotto
Owner won’t sell because house has sentimental value
4 October 2024 | 11 replies
A friend of mine scored her dream home last month.
Meghan Begue
Is Colorado's Multifamily Market Still a Good Bet for New Investors?
6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
Leah Brooks
Creating an LLC online or through an attorney
2 October 2024 | 11 replies
I have created mine directly though the secretary of state for the state I live in.