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4 December 2021 | 12 replies
Making it an experience will increase your revenue and occupancy.
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30 October 2022 | 2 replies
Hard money wont finance if you live there they like like to avoid the dodd frank laws and primary occupancy consumer protections most likely so you'll be left with heloc options to tap equity, 401k loans from your retirement, savings/cash, and cash advances to fund your rehab.
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1 November 2022 | 4 replies
Also, what occupancy rates have you been seeing?
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12 October 2022 | 2 replies
In general, and we're seeing this across the country and not just local to JT, although demand for STRs is up year over year, the new inventory has outpaced the demand which has affected average occupancy rates.
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17 October 2022 | 7 replies
You will be hard pressed to find a 10% down loan for a non-owner occupant property
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27 November 2022 | 4 replies
You can do this by looking at the existing square footage of self-storage in your radius and the population in your radius, and can secret shop facilities to try to gauge occupancy and demand.
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26 November 2022 | 39 replies
What is the occupancy?
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29 August 2022 | 5 replies
A 70 unit facility most likely won't be able to support a on-site manager.We run our facilities remotely and utilize a local caretaker for on the ground tasks.When it comes to running numbers, my back of the napkin math looks like this:Projected gross income (I'm usually looking at a $/SF number between the 10x10 and 10x15 sized units of nearby competition)x 90% occupancy- 35% expenses= stabilized NOIObviously, this is a gross simplification, but is typically where I start.If you do get into storage, you'll find that it is a great business to be in.
15 June 2022 | 8 replies
We bought two value- add apartment projects in Ogden earlier this year (10 units and 8 units) and have already added a lot of value (and cash flow) by doing relatively easy things (replacing laundry machines, better management, charging back utilities, etc.)I'd generally stay away from areas that are heavily dependent on one industry (Vernal, Price, etc) as rents and occupancy are more volatile.With $275,000, you could probably find a good 4-plex.Other than multifamily, industrial is also something I'd look at.