View report*This link comes directly from our calculators, based on information input by the member who posted.What are your thoughts? I'd be interested to hear feedback since this is my first deal with more density t...

Yes, absolutely yes, review items such as crime trends, median income, unemployment figures, non-farm payroll figures and growth respective of that, school system health, general GDP growth of the prospective market.

This will allow you to invest out of your local area..I have a passive mind and always consider the automated systems but the flaw of that is the lack of face to face interaction with customers..

Review their management agreement.

He lives in Medford, OR so would be able to do a quick review/close.

It depends on your location, size of property, purchase price, nightly rate you can get, your upkeep of the property, and many other factors.If your unit shows well in photos and if you build up some good reviews in the first months, and your pricing is reasonable, it will be consistently rented.We have 3 of them, and all less than 1 year so the jury is still out, but in our experience so far, the startup and ongoing costs have been higher than expected, but all are getting good reviews, so in year 2 (now that they are stable) we expect to do pretty well.You have to make sure your town allows it, and you have to decide if you will manage it yourself and take on that extra work (communicating with the guests and people who will clean/make repairs) or if you will hire a property manager, which can be expensive, upwards of 25%.

@Stephen NetoI would ask for a 10-15 day due diligence period for inspection and review rent roll.. if you are not satisfied by the end of the due diligence period you will recieve a full refund of deposit..Just needs to be on the schedule of contract if not already on pre worded offer

You can always build a website after you generate a bunch of 5 star reviews. 

Have PROFESSIONAL pictures done once you have it decorated and use Smart Pricing in Air BnB for the first few bookings and make sure to get stellar reviews.

View report*This link comes directly from our calculators, based on information input by the member who posted.