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Results (10,000+)
Kyle Curtin Year 1 of Ownership Complete! :)
9 January 2023 | 4 replies
Since purchase, through stabilization, total gross rents have been increased $1800/mo (with the help of a vacant unit being updated and filled) and will be rising another $1500-$1600/mo in the coming months from my owner occupied unit being rented.
Rick Reeder STR Investment - Austin, TX area Lake LBJ
12 October 2021 | 6 replies
Here are some details:Purchase Price - $885,000Down payment - $177,000 (split by four partners)Initial reserves - $23,000 (each partner brought $50K to the deal) Principal & Interest - $4,500/monthTaxes & Insurance - $2,200/month2020 gross bookings - $86,0002021 gross bookings to date, including ROY - $91,000We have never had a cash-call and now we have built up our reserve to the point that we can really invest in updating the property, or we could take the house off the market and use it ourselves and just absorb the revenue hit.
Engelo Rumora Never in a million years did I think I'd be writing this... đŸ€·đŸ»
3 January 2023 | 22 replies
I know you're experienced with all forms of REI but I'm curious about how you initially built your customer base.Thanks mate,Started from scratch mate and what a disaster lolNo systems, messed up accounts, didn't know how to use the PM software, got investigated by the Ohio board due to an idiot scammer tenant, experienced theft from employees, embezzlement by former manager, etc...I mean, you name it and we experienced it heheCustomer base was built through Ohio Cashflow our turnkey model.With PM you really need to hit economies of scale and utilize the digital world as much as possible.Like digital lock boxes, automated showings scheduling, automated maintenance scheduling, VA's, VA's and VA's.
Ryan Buchanan W9 for Rental Property
1 November 2021 | 5 replies
I am renting to a company so it’s employees have housing for the next 6 months.
Aaron Akins STR investors in the McCall or Donnelly market
27 April 2022 | 10 replies
Yes, I'm thinking Spring would be very limited too...and that would surely place drastic limitations on gross. 
Johann Jells Can lower rent actually get you better qualified tenants?
8 October 2020 | 12 replies
Normally need 3x gross and 650, but finally rented to a guy with a solid State Govt job of 6 years that paid 4x rent, but had an abysmal 530 FICO.
Parker Hardy Where do you post your listings for tenants needed?
11 June 2022 | 11 replies
Talk to smalL companies and tell them you want to partner with them to provide housing for their employees.
Alicia Marks QOTW: How do you handle property management?
15 August 2022 | 21 replies
I own a property management company, but I use my company/employees to manage my properties and I charge myself a property management fee.
Becca Summers DTI
7 March 2017 | 10 replies
In many cases your income from the 1099 side ends up being closer to your net income than your gross (even though from a W2 deal it uses gross) but there are add backs and subtractions.
Ryan Deasy Designating yourself as a real estate professional
11 January 2023 | 18 replies
You can't just happen to be an employee of  a RE related business, you need 5%> owenrship as well.Â