Cody Z.
Short Term Rental Co-Hosting & Management Fee Survey
5 August 2024 | 27 replies
For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply.
Sam Issa
Finding deal in a saturated market
5 August 2024 | 5 replies
Additionally, my renovations are full guts anymore, which helps limit some competition and allows me to push the ARVs relative to other houses for sale in the neighborhoods.Admittedly, this doesn't necessarily create substantially more deal flow.
Miciah Furbay
Any advice on how to start out investing in Phoenix, AZ area?
5 August 2024 | 13 replies
Feel free to reach out to me directly if you have any questions or need help with financing for your investments!
Mike McGee
Sell portfolio of SFR to investors, or sell individually to Owner/Occupants?
6 August 2024 | 4 replies
Selling the properties to investors as a portfolio would actually help with the time frame requirements of the 1031 exchange.
Nick Sansivero
Will transferring ownership into an LLC cause issues if I try to complete a 1031?
6 August 2024 | 14 replies
She's helped several investors from BiggerPockets!
Engelo Rumora
ATTENTION PROPERTY MANAGERS ‼️ I Need Your Help
1 August 2024 | 71 replies
PT caretakers who than help the PM to run things.
Michael Kaminski
Closing on new primary home before current home sells how to avoid dti issues
5 August 2024 | 15 replies
Feel free to reach out if that's something that might be helpful for you
Srinath Gopinathan
Why is Covenant and By-laws of Condo association required for Insurance ?
5 August 2024 | 4 replies
It probably helps them price out their policy to you so that they make sure you have the right coverages in place.All the best!
Brian Gerwe
CPA Letter for business verfication:
6 August 2024 | 4 replies
But they might ask you to write an LOX explaining that you are unable to procure a letter from a CPA - and then offer up something else that checks the box.Hope it helps!
Aaron Antis
Breaking Lease Early
6 August 2024 | 6 replies
Offering to cover their moving expenses or providing a rent concession for the last month can help ease the transition.