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20 February 2025 | 11 replies
.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.
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3 February 2025 | 15 replies
I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.I hope this doesn't come off the wrong way without tone or facial expressions behind it.
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9 February 2025 | 3 replies
Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.
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6 February 2025 | 28 replies
Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.
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17 February 2025 | 15 replies
It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick
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25 January 2025 | 25 replies
I grew up in that area, and it's not great - declining population, stagnant economy that relies on 1 major employer (Caterpillar).
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23 February 2025 | 13 replies
STRs demand more time even though alot of things can be automated. you will managing cleaners, damage, guest experience, supplies, and more.4) Use AirDNA to see what an estimate of revenue can be, check Airbnb in your local neighborhood to see if anyone else if getting higher rates, and use BiggerPockets STR calculator to see what common expenses you may be forgetting.
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19 February 2025 | 20 replies
All are local except for one is a national brand auto supply store, using this for a warehouse.
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19 February 2025 | 3 replies
Zillow, For Sale By Owner posts on facebook, your local newspaper, and craigslist.Wish you luck in your venture.