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25 November 2024 | 22 replies
Most owners/GP/sponsors just review reports and re-process internally with staff.Serving PMs and investors is a much bigger market...
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20 November 2024 | 31 replies
Just do a quick google search and skip all the obviously fake reviews that say the exact same key words and phrases.
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18 November 2024 | 9 replies
When you're listing has no reviews, at lot of people pass over it, no one wants to take the chance.Ā
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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, hereās 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, Iād love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
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22 November 2024 | 12 replies
Iād recommend reviewing your lease terms and following whatās outlined there to ensure you're on solid legal ground.
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1 December 2024 | 377 replies
My son and our wives (really my son and I :)) are analyzing,Ā studying, and reviewing properties regularly. Ā
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18 November 2024 | 0 replies
It now cash flows ~$3,000/month with over 100 5-star reviews across Airbnb, VRBO, and Booking.com.
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19 November 2024 | 21 replies
I'm too old to remember to check for reviews before IĀ leap, but at least IĀ haven't yet lost a stove (on this one)... ;-)Ā While IĀ wait for delayed communication from them, IĀ am looking for alternate management in the Canton area.Ā
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18 November 2024 | 3 replies
Their windows are extremely affordable but the company lacks reviews.
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20 November 2024 | 14 replies
If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if thereās room to increases/ways to improve cash flow.