Daniel Newman
Short term construction funding options for coffee shop/bar?
5 June 2024 | 10 replies
Hi Daniel,Do you means of collateralizing assets you own for a short term funds like a primary residence or other assets?
AJ Exner
New Member - Post BPCon (Best way to get started on here)
7 June 2024 | 8 replies
So many benefits to starting this way.
Kanika Jain
New to STR- How is the market in 2024
8 June 2024 | 31 replies
Though if personal use or long term safety are a concern it can make a lot of sense as Disney will always be a market (whereas places like Broken Bow I could see fading from popularity) and unlike many markets there is almost no regulation risk since these properties are built in tourist zones specifically for STR.I own there and manage others so have real world revenue data if you want specifics.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Ryan Bunting
Buy & Hold Investment - Hilton Head Island!
5 June 2024 | 2 replies
One of the highest demand areas on HHI for renters both short & long term.3.
Jake Snavely
Columbus, GA / Phenix City, AL Rental Investments
9 June 2024 | 16 replies
Asking in terms of the neighborhood, schooling systems, etc.
Kareen Job
New investor seeking advice sell or rent
8 June 2024 | 4 replies
It will appreciate over the long term.
Collin Hays
VRBO now charging guests 20 percent for a booking
6 June 2024 | 39 replies
The only benefit I see is that it provides at least some competitive counterbalance to ABNB.
Rigoberto Medina
Perhaps a silly question but Newbie needs advice
9 June 2024 | 2 replies
He broke it down into what most people estimate, what a handyman would estimate, what a "paper contractor" would estimate (I had never heard that term before), and what a full team contractor would estimate, and the difference was eye-opening.
Michelle Chevalier
Confused about conventional versus DSCR
9 June 2024 | 18 replies
Prepayment penalties- usually 1-5 year terms.