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28 February 2024 | 63 replies
Sounds like prices vary based on each situation but I'm looking at $15k.
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28 February 2024 | 5 replies
Based on your description of the situation, you're not going to cashflow while you live there, but the question you should really ask is, will it cashflow after you move out?
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28 February 2024 | 49 replies
(And it seems there's at least some chance it doesn't pass at all, based on the opposition they're setting.)
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26 February 2024 | 8 replies
So going over the lease and the duties and responsibilities while we sign it is part of our onboarding procedure and tenant training!
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29 February 2024 | 18 replies
FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.
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28 February 2024 | 14 replies
Demand for short-term rentals is based on emotions, the allure of this view or that amenity or this undefined "feel" or "design" of a place.I'd love a pamphlet that says simply, "Hot tubs increase gross annual revenue by $22,000."
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28 February 2024 | 43 replies
@Yang Zeng Welcome to the Bigger Pockets.As you can see in my profile, my business and hub is in San Diego, not far from you, but all our investments for myself and my clients are in well performing markets in the Midwest.We specially in this out-of-state- approach that really requires more than just the properties.I agree that you should keep a reserve and not spend all your funds but I could help you with 6 properties that would pay you about $5K/ month in cash flow or $60K/year based on your available funds while having about $100K reserve.I like to help you see the performance difference between our area in CA and the Midwest.
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26 February 2024 | 13 replies
Assuming they're refusing to pay, pore over every detail of your lease and proceed with exactly the processes called out by it (and get advice from your lawyer concerning State laws/procedures to follow in case they may trump your lease terms).
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28 February 2024 | 7 replies
Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game.
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28 February 2024 | 10 replies
Echoing what @Rick Albert said, see what your market has, based on what you want to charge for future rents.