Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.
James R.
I really dislike Airbnb. Anyone else?
26 January 2025 | 21 replies
A replacement cost should factor in depreciation.Airbnb knows exactly what they are doing when the scam hosts by not paying 100% for repair costs.
Lauren Merendino
Rental Market ID - What do you prioritize?
18 January 2025 | 1 reply
When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
took down 6 walls including a load bearing wall.
David Oh
Profit Sharing Bonus for Property Mangement Staff
26 January 2025 | 9 replies
Avoid basing it on uncontrollable factors like taxes or insurance.
Stephen Fleming
Newbie Plan. Thoughts?
14 January 2025 | 9 replies
@Stephen Fleming your cashflow probably won't be what you think it will be:(Have you factored in the new property taxes at homestead millage rates?
Jill Young
85% LTV Loan for one property with 3 STRs in Texas
27 January 2025 | 10 replies
85LTV ask on a LTR rental is a tough ask, when adding an STR factor, nearly every lender will reduce max leverage by 5%.
Eneg R.
price per sq/ft in 2025 to build multi unit or ADU if possible to split utilities
30 January 2025 | 1 reply
Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost.
Andrew Lawlor
STR to Custom Home Builds
17 January 2025 | 19 replies
I have spreadsheets filled with material lists for every phase of the build that includes pricing for materials as well as labor, and sources that I use for them.
Carlos Silva
Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.