Justin Goodin
Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
Jake Faris
Converting multi-family STR/LTR to commercial motel/hotel - Pros and Cons
3 March 2024 | 9 replies
Finding a way to "STR" a hotel can be a great business opportunity.
Rachel Chioreanu
What process do you follow to vet contractors?
3 March 2024 | 2 replies
Treat them as partners and grow your businesses together
Emily Anderson
Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
Even PriceLabs specifically indicates that they are not able to capture data from direct bookings from vacation rental company websites.5) There are a lot of "pundits" currently proliferating various analyses based on a small window of data fluctuation: those who got into the business in 2020 and are now drawing various conclusions based on a very short time span.
Aaron Lathan
Does anyone know of any DSCR lenders that loan under $75,000?
3 March 2024 | 42 replies
Would a local commercial banker or business banker be able to help?
Chad Swanson
New to Wholesaling
3 March 2024 | 7 replies
To oversimplify the business model in acquiring leads:1) Time: cold call, drive for dollars, network2) Money: Mass mailers, virtual assistants, CRMs, ect.
Account Closed
Please share your insights and experience to help me make the best decision!
3 March 2024 | 9 replies
It also includes a small commercial space <1200ft which I also hope to rent eventually (it's a conditional permit only for a small business, no retail).
Michael Sassone
Information Overload - STRs vs Fix n Flip
3 March 2024 | 2 replies
Simply the time to do the STR business well would have been challenging if we were deployed (your version of out to sea).
Chris Kersey
Looking for info on a Line of Credit or Other Financing methods to scale - Houston,TX
2 March 2024 | 2 replies
I am an RE agent and she owns her own business.
Ed Neuhaus
Residential Assisted Living - San Antonio Area
2 March 2024 | 3 replies
Having under 6 residents is very hard to make profitable as a business owner otherwise.