Looks like many of their JV projects simply got foreclosed on and their investors got hurt pretty badly.

I would recommend them to get you set up for seeing all future bookings, the listing info and data, etc. and have them deal with it or simply ask them to switch their STR software to another platform specifically for those units under management...

However in the future because  of how these things tend to go, I would not have called insurance or a remediation company, I would have just fixed it immediately before it got too bad then warned the tenant not to do it again (and to be fair to them it’s odd that simply hanging a picture would cause a major plumbing leak, the likelihood of that happening is so low) and moved on.

Make it clean, de-risk the exchange process and simply your costs for the exchange.

My point is that we all have our problems, it's simply easier to notice our own because we live here and we have a free media that can talk about them openly."

My wife and I approached him to discuss buying it from him since it is simply sitting.

Most banks or credit unions simply wont do them post the GFC..

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

Public REITs have seen a strong return to capital markets in 2024, raising $64.9 billion by Q3. Driven by favorable interest rates and stock market performance, debt issuance has been the main capital driver. Retail a...