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30 July 2024 | 3 replies
I pay attention to see if they have been renovated and if they have the same amount of bed/bathrooms, also if it has a pool or not.
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31 July 2024 | 34 replies
So the guest pool is broadening.
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31 July 2024 | 15 replies
Even if you can only add an additional $50/month you will get a larger tenant pool to choose from with the W/D in the unit.
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29 July 2024 | 10 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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31 July 2024 | 19 replies
Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.
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31 July 2024 | 37 replies
I have a nice sized house (3k sf) in a nice community close to everything, on a lake, fenced in yard with nice pool & screen house, all 5-star reviews, but both last summer and this summer have been about 50% occupancy.
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29 July 2024 | 15 replies
We run a 53 acre ranch in the middle of Texas, and the stress of unexpected problems coming up with not enough time to resolve them (septic, water lines, other equipment malfunctions, adequate pool maintenance) between guests is too great.I'm aware there's money left on the table.
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29 July 2024 | 2 replies
We have seen deals with strong equity numbers but they are in junk areas with bad tenant pool.
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28 July 2024 | 2 replies
A smaller house on the same block sold as a STR this year for $640k, is smaller sf, half the size pool and smaller yard.Trying to put a number to this property, thoughts?