I understand what you are saying about increasing management fees, however our competition does not do that.

@Andrew Galloway The STR market is very competitive here with over 40k units.

Most businesses start factoring in CC transaction costs into their sales prices, so eventually this comes back as a pass-through cost to customers.

This is before you add any capex to your cost basis.

The owner’s $500k liability coverage wouldn’t have been adequate to address all the damages.An umbrella policy, often costing just a few hundred dollars, can provide an extra layer of protection and peace of mind by covering liabilities beyond your primary policy limits.

Having realtors, lenders and repairmen willing to give you time and cost effective services requires the surety of more work.

Right now, I’m currently working on raising funds for my first deal :) If you or anyone you know Is looking to invest with competitive terms, let me know!

It will cost about 2.5 times more on material as well as install, but something that will look nice & last you many years to come.

The process costs between $3000 and $5000 for an attorney to handle the "condo-ing" which requires a master deed and by laws to be drafted and all the filings for the association.

How much was the cost to remove it?