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29 December 2024 | 9 replies
I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.
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4 January 2025 | 4 replies
Also, for flips, I like to reserve an additional 15-20% in contingency for unforeseen conditions or changes.
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6 January 2025 | 12 replies
Property manager (PM) 's lawyer continued the case to get the unpaid rent from the tenant.PMA between landlord and property manager(PM) has also expired so landlord got the property back , but when landlord requested to settle the account and the deposit( there is one month deposit from landlord also), PM refuses since the lawsuit is going on with the tenant, Additionally PM is still charging the monthly property management fees from landlord even though landlord is managing the property.Landlord is done dealing with PM and requested the PM to withdraw the lawsuit against the tenant ( landlord is aware that he will loose 2 months rent), PM came back saying they cannot withdraw the lawsuit since that will violate fair housing law.QUESTION:Does withdrawing unpaid rent case against the tenant violate fair housing law ?
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31 December 2024 | 20 replies
Additionally, we’re integrating trade-focused businesses (e.g., plumbing companies) into the organization’s ecosystem, creating another revenue stream that complements the housing initiatives.Paying Back Investors:Investors will see returns in two phases:Early Phase (5-10 years): Focus on cash flow from rents, property flips, and other high-yield projects to generate liquidity for investor payouts.Long-Term Phase (10+ years): As the endowment scales and stabilizes, surplus income from the portfolio will be used to gradually buy out investor shares.
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1 January 2025 | 12 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.
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20 January 2025 | 31 replies
I've opened two additional LLC's with them since I last posted here.
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21 January 2025 | 59 replies
In addition to having cashflow to add value and push equity, I still have had decent appreciation.
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3 January 2025 | 5 replies
On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.
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31 January 2025 | 27 replies
I think what @Garrett Brown is getting at is using this in addition to other methods.
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13 January 2025 | 11 replies
We are listed on many sites - Zillow, Trulia, HotPads, Apartments.com, Realtor.com, ForRentUniversity.com, Redfin, Rent.com, showmetherent.com.