This strategy requires knowledge of local markets, renovation costs, and the ability to manage or oversee renovations.I am a loan officer and I could advise you on how to tap into that equity and put that money to work.

@Michael Bishay I leave screening tenants up to my property manager.

Background: My wife and I have managed 3 properties in N GA since 2021.Has anyone ever included customizable add-ons within their STR listing as a way to differentiate their listing but also increase profit?

With hundreds of rentals under management, it is extremely rare that I let a tenant do work.

and that the relative supply will drop precipitously, after '25 leading to a new golden age in multifamily by 2026 and 2027.

I'm Savannah, the Creative Manager for BiggerPockets.

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

The best way to do it is if you can manage to live in the home for (6) months you can refinance it into an investment property if the LTV is at least 85%.

You can do this manually or through management software like TenantCloud and others.

Here are three that I like:CallboxOverview: Callbox specializes in B2B lead generation and appointment setting services.Strengths: Offers robust KPI tracking, multi-channel marketing, and high-quality lead generation.Technology: Uses proprietary CRM and lead management tools to track and optimize KPIs.SalesRoadsOverview: A B2B appointment setting and lead generation company that focuses on quality.Strengths: Known for high-quality leads, detailed reporting, and KPI tracking.Technology: Provides detailed metrics and performance analytics to clients.CIENCE TechnologiesOverview: Specializes in lead generation, appointment setting, and data enrichment.Strengths: Strong emphasis on data-driven approaches and KPI measurement.Technology: Uses advanced analytics to track lead quality and performance.Here is some information to consider when you make your decision:Reputation and Reviews: Look for companies with positive client testimonials and case studies demonstrating success in your industry.KPI Tracking: Ensure the company has robust systems in place for tracking key performance indicators (KPIs) such as call volume, conversion rates, appointment setting rates, and lead quality.Lead Quality: Evaluate how the company sources and qualifies leads.