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20 August 2024 | 452 replies
@Lenn Lin, I'm not a CPA, an not qualified to comment on the accounting aspect of this arrangement.
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10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
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12 August 2024 | 25 replies
Then here is the important part I set the listing price my self (a weekend of research will do) or if you trust the agent ask them for (CMA report) then once I agree to a listing price we list the property at set price.. then since they said they will "add value " to me then offered a 5% to 10% max additional bonus for any dollar amount they get me over my set listing price, if they want the full 10% they must fully pay for staging then selves and be available at all times I ask them to do so.
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11 August 2024 | 16 replies
This answered my question.I wasn't sure if there were fees associated on the buyers side...I'm in the very beginning stages and just educating myself along with doing the search myself just to see what's out there.
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9 August 2024 | 4 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
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11 August 2024 | 99 replies
@Brandon Turner I really enjoy the website but i have a question:I understand that you might have business arrangement with I tunes/Apple but it would be possible for you guys to "diversify"?
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8 August 2024 | 6 replies
Thanks JorgeHi Jorge,It sounds like you're at an exciting stage in your investment journey!
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7 August 2024 | 2 replies
Please share pros and cons with this arrangement.
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7 August 2024 | 15 replies
Offering a cash-for-keys arrangement (what would be a reasonable amount?