Eric Carlstrom
First-Time STR Buyer --- Feedback / Guidance Requested
26 November 2024 | 21 replies
As I'm sure most of you know, a long-term rental is simple since the only recurring expense I own is the mortgage, whereas with a STR I'll own the mortgage, internet, utilities, furnishings, cleaning fees, etc. which just makes my projections a bit foggier.I'm looking for feedback on the below expenses and wondering what else I should be thinking about, that I don't currently have listed.
Hamed Rahimi
What are the best property management software/tools you use?
25 November 2024 | 12 replies
All you get is what you can export/import via CSV file:(We use Propertyware, have experience with Buildium, and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.
Zachary Schreffler
Cold Calling Marketing - List Population
26 November 2024 | 6 replies
After utilizing the Do Not Call Registry for phone numbers, my list is cut in half, to about 3,000.
Laura Peterson
Channel Mgt for STR Hostaway vs OwnerRez
28 November 2024 | 23 replies
Sadly this industry is ripe for a company to come out with a product that does what we need it to do, be versatile enough with it's software that it can expand and have the customer service that is accessible.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
I start with cleaning and repairs, then I apply it towards utilities, legal fees, late fees, and rent, usually in that order.I also have a holdover clause that says the tenant is charged 4x of the monthly rent, prorated daily if they hold onto the property after lease termination.
Daniela Amador
The Monkey Cottage
21 November 2024 | 0 replies
In the backyard, what was previously grass and concrete was completely transformed into a lush vacation oasis, complete with a luxury pool, expansive deck, custom mural, chic furniture and hot tub for the ultimate tropical experience.
Daniela Amador
The Monkey Cottage
21 November 2024 | 0 replies
In the backyard, what was previously grass and concrete was completely transformed into a lush vacation oasis, complete with a luxury pool, expansive deck, custom mural, chic furniture and hot tub for the ultimate tropical experience.
Dan Zambrano
My Journey to $20M in assets
7 December 2024 | 60 replies
Meaning how to attract the type of people you want to your STR listings and how the heck you are supposed to know if there is a market for your type of "customer" in the area you are investing.
Tanya Maslach
How to show the property, for OOS?
25 November 2024 | 11 replies
Video is even better, if professionally done.Most of our travelers that are coming from any distance are happy enough for great pictures and good customer service to rent.
Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
Same thing with bank accounts, utilities, etc.