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21 October 2024 | 4 replies
Regularly review your property's performance, and if the ROE dips, explore ways to extract and reinvest the equity to maintain your investment momentum.
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21 October 2024 | 6 replies
Regular smoke detector does not pick up the smoke.
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20 October 2024 | 84 replies
Quote from @Edward Heavrin: Remember, no matter how much investors promote leverage, interest is still a huge expense.
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19 October 2024 | 5 replies
You want to crush your job so you keep getting promotions and keep making more money so you have more borrowing power.
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24 October 2024 | 10 replies
Do not expect that to be the pref. but total IRR after receiving the promote.2.
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21 October 2024 | 16 replies
I don't care what my tenants do in their personal lives and they can have an occasional guest but when the "guest" is staying there on a regular basis, they are no longer just a guest.
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21 October 2024 | 10 replies
These USPS leases can be a bit different from regular GSA.Check out this list of USPS https://about.usps.com/who/legal/foia/leased-facilities.htm
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23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
21 October 2024 | 1 reply
Your budget should deal with preventative or regular maintenance and emergency repairs.
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22 October 2024 | 18 replies
And while it is not the sexiest, maintaining your W2 job and working hard to get promoted and earning more, even if that means changing jobs every few years, is often times a faster approach to create investable income.