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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
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20 April 2024 | 24 replies
Per Fannie Mae rules, you can rent out a second home, but you must stay there a minimum of 10% of the nights that it is rented.
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18 April 2024 | 28 replies
THENCE ALONG THE NORTH LINE OF SAID SECTION 11, NORTH 88 DEGREES 25 MINUTES 56 SECONDS WEST 825.24 FEET TO AN EXISTING IRON PIN.
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20 April 2024 | 7 replies
I how to then transact on multiple deals per month and scale the business to the point of automation.
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20 April 2024 | 9 replies
If I could chime in to help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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19 April 2024 | 6 replies
Either A) you need to want a ski Airbnb/VRBO for the personal use of it but not the investment aspect of it or B) you need to be okay with some of the areas within 45 minutes of the ski areas that are totally open to short-term rentals and where the numbers are better.
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20 April 2024 | 7 replies
But REIReply is less expensive per month and they include the marketing templates (still, I don't know if they're any good).
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18 April 2024 | 14 replies
To me this makes sense because a one bedroom can host 1-2 people easily with a competitive ADR and cleaning fee, while 4+ beds can host multiple families and split up a higher ADR between more adults. 2 bedrooms can be price competitive with 1 bedrooms and attract the same guest avatar plus small families or 2 couples.
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19 April 2024 | 13 replies
While true student rentals typically operate on a per-bedroom basis, your lender might not favor this approach.
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21 April 2024 | 22 replies
Cash flow was immediate, and I’m clearing over $2k per month net profit.