13 August 2024 | 7 replies
Given your background, especially with your general contractor's license and hands-on experience with rehabs, transitioning more into real estate seems like a natural progression.Here are a few thoughts:Potential of Real Estate vs.
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12 August 2024 | 3 replies
Naturally your relinquished property will have to sell prior to taking title to the replacement, but this would put you in a better position for a successful exchange.
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20 August 2024 | 452 replies
This is a normal procedure and the business type does not officially matter for this strategy.
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13 August 2024 | 97 replies
Natural disaster history and insurance options8.
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13 August 2024 | 69 replies
That is just human nature and I get it.
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10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
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9 August 2024 | 6 replies
Most of the wholesale offers I’ve received state clearly they want it fully assignable (vs seller approval to assign) and mode of access or specific procedures for access.
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8 August 2024 | 11 replies
More so, each accountant has their own procedures and interpretations.
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8 August 2024 | 1 reply
In some cases title companies will still refuse to insure if they notice something off procedurally with the the tax sale process.
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9 August 2024 | 4 replies
Something like a USDA live-in flip might get you the capital to look at a 5% down multi or something of that nature.