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2 March 2022 | 2 replies
I currently use an app, so I'm thinking I could just submit a report or screenshot from the app of the documented miles driven.
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25 March 2022 | 36 replies
It was tougher when I used to buy a lot of construction material in the middle of the day.
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10 April 2022 | 20 replies
Looking at building costs, material costs, and lack of labor- anything we build now will cost 10%-20% more every year for the same product.
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29 July 2021 | 8 replies
Poor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before a property is marked pending.
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22 February 2022 | 5 replies
These are the locations that everyone thinks about when they are looking to invest into strs.Pros:Established rules and regulations Tourism Driven markets so they won't ban Airbnbseasy to find cleaners, handymen, managers,etcCons:Highly competitive. hundred of listing to choose from and more are comingEveryone wants to look there for STRs so the price is skyrocketing lowering returnsNew money means new renovations, will this mean 5 yrs down the line you will have to do a lot of work to update?
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14 September 2021 | 6 replies
That was prior to the cap on investor loans, which has driven up costs.
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18 April 2022 | 6 replies
This strategy has been more profitable than my past HGTV-style rehabs because it saves money on labor, materials and holding costs.
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15 April 2022 | 44 replies
Staying in three different AirBNBs back-to-back gives some perspective - first, the experience is very much host-driven.
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6 November 2020 | 6 replies
It has driven up my cashflow 5-7% a year.
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8 October 2020 | 7 replies
So, you'll have to develop training materials for even the most basic tasks...and basic tasks are all you can really trust them with.