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2 February 2024 | 0 replies
Potential for increase in rents and appreciation upto 3.5 to 4million in 5-6 years but not sure.Rents at 210k per year for 4 tenants. 50k per year total paid for common area maintenance by all the tenants - which includes property management fees, property tax, insurance, snow removal, other maintenance and misc stuff.
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3 February 2024 | 36 replies
Part of me thinks you should only be charged for legal work or legal research, and these short brief emails should just be included in that, but I could be wrong.Any responses are appreciated.Caleb
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3 February 2024 | 14 replies
The urban houses do it bunk beds less as the demographic is usually younger and in town for events, business, etc.The beach is primarily multi generational families with children, and it is a good idea to have them there.To sell any product including a stay in your STR you have to know your audience!
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2 February 2024 | 5 replies
My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and any other Title and Escrow/Settlement Charges.
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2 February 2024 | 4 replies
Complaints I've read on BiggerPockest forums have included: vacancies not getting filled, repairs completed at high prices (not getting competitive bids, large mark-up), poor tenant selection, delinquent accounts not being pursued, PM has too much power (utilities in PM's name, contract with PM makes it almost impossible to fire, rent payments will continue to go to PM even if you try to fire him/her, PM doesn't give LL records to justify billing.)
2 February 2024 | 0 replies
With approx 7% interest rate , looking at approx 4000$/month(including property taxes /HOA and insurance) out of pocket incase of vacancy.
2 February 2024 | 11 replies
That being said, this projection isn't absolute if you don't maintain the formalities of the LLC (including co-mingling of personal/business funds, corporate governance).
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1 February 2024 | 18 replies
You need to connect with @KiKi Wood!
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1 February 2024 | 6 replies
I'm renovating a cabin in the woods for short term rental.
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2 February 2024 | 9 replies
However, juggling dual responsibilities as both homeowner and landlord comes with its challenges, including managing repairs, maintenance, and tenant relations.Managing separate utility bills may pose a challenge unless you find a workaround.