Also makes it look professional when a potential renter comes to look at it.

The sooner you start these conversations, the better prepared you'll be when the right deal comes along.Local professionals can also be an invaluable resource.

RentRedi checked all the boxes for me, RentRedi made this first time property novice, show up as a complete professional management service.I can list my property Receive/review Pre-qual apps, full application and access to the background check with ease.Schedule showings, send approval emailsSet up my rentals and collect rent electronically.Handle maintenance and so much more all through the RentRedi app.

Readers should seek professional advice.

Looks like a young group of professionals with not enough experience, navigating through various market cycles to produce an accurate  business case.  

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?

@Mike LambertAs the hospitality industry is revitalizing from COVID, hotels are back to the increased occupancy rates.

Someone paid to run the prints, and it turned out that the individual in question was not whom he claimed to be; he was an unsuccessful professional actor; his experience was completely fabricated, and the “deals” that made up his “track record” were someone else’s.  

Once you find someone willing to let you shadow them, approach it with professionalism and a willingness to learn.