I appreciate that Ashcroft eventually stopped taking management fees after they stopped making distributions.

There are a lot of local lenders that charge a 1% origination fee and the interest only payments during construction are prime plus .75 - 1.0%.

@Sean McDonnell, one thing to consider is their revenue numbers count all revenue (nightly rate, fees, taxes) so you should deduct those from the AirDNA revenue projections.This is easier to do on a property-specific level since you can roughly estimate the cleaning cost for a specific property.

We have a sub 3% default rate but the most telling metric is that we have essentially zero principal losses and have been able to fully recover all legal fees, default interest, late fees, interest and full principal on any defaults that went into foreclosure.

I was charged a recurring pro membership fee and I sent email to cancel and request refund.

The complexes are original to late 80's and have lots of new builds going up all around them. 

@Justin Brittingham speaking from a fund manager and one who originates, I would say (maybe contrary to popular opinion) identify your lender and know what they require. 

My response, “I’m very sorry to hear that, but rent is still due & late fees apply.”  

Do you stay with the original company?  

Hey Matthew, I offer room-by-room management services, but the management fee is significantly higher than my management fee for a standard long-term rental.