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10 April 2020 | 9 replies
But, I believe urban areas, like Minneapolis/Saint Paul where I am, will see a large temporary loss of STR inventory, and most of that loss will be from the bottom of the barrel, because they aren't profitable enough to justify the risk, but the highest performing STRs will of course stick around, because they're doubling or tripling income from LTR.I also own a duplex in Rochester, MN a few blocks from Mayo Clinic, that I'll be putting half of onto airbnb when it's done (I wish it was ready so I could help some healthcare folks out).I think it's like most industries though, the most robust and efficient businesses will withstand this crisis, while the weaker, unfortunately, might not.Just to predict, I think across the airbnb platform we'll see a temporary (maybe up to a year after the crisis comes to an end) drop of inventory around 10-15%, but I think bookings will drop by less than that amount (after the quarantines stop).
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18 April 2020 | 8 replies
I was able to lease out two properties this past week (with leases starting this weekend) to excellent tenants with stable jobs (food distribution worker/ truck driver, healthcare worker/industrial contractor).
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12 April 2020 | 76 replies
AVM's (Automated Valuation Models) have permeated the real estate appraisal industry.
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12 April 2020 | 13 replies
You can often have the same company that did the CL100 do the treatment, but they don't always do both.
5 April 2020 | 1 reply
Hi All,I am pretty new in the real estate industry and I have recently closed my first deal.I have noticed that I spent a lot of time during the deal evaluations between: - calculating the estimated rents- checking property taxes- neighborhood: vacancy rate, crime, eviction rate, etc- average property management fees- average repair costs- mortgage rates- condition of the property/repairs needed for rent readiness- etcI have a spreadsheet where I capture all the above in order to calculate the potential ROI (leveraged and not) but doing this for a lot of properties is pretty time consuming.Most of the information above can also be easily found online by various means and this information could potentially be ingested by online services.Does anyone know an online tool that would calculate estimated property ROIs with up to date/real information and potentially offer a property search based on ROI?
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6 April 2020 | 2 replies
Seller has a 1/4 acre lot with garages and office and open area for his construction equipment. As the site generates no income and has no rent roll. How does one estimate it's worth?
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6 April 2020 | 6 replies
That means probably service industry type employment for tenants.
7 April 2020 | 11 replies
I don't know about you guys but working from home for last 3 weeks I WANT to go into an office soon : ) Since every single REIT dropped in price (other than cell phone antenna holders, data centers and industrial) you kind of have your pick amongst which ones will recover the most.
7 April 2020 | 5 replies
If you are not near the airport and not in the airline industry it wont be easy
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13 February 2020 | 9 replies
Car salesmen do amazingly well in the RE industry - we know how to hustle and survive off commission only... we don’t close, we don’t eat!