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3 March 2024 | 8 replies
I do all of the bookkeeping and taxes for my own real estate business and would be happy to assist you with yours.
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3 March 2024 | 7 replies
I feel like January and February are slow for any/most businesses.
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4 March 2024 | 71 replies
Community and collaboration is so important in this business.
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2 March 2024 | 11 replies
My thought on the Corporation vs LLC was to switch my self employed business from a LLC to a Corporation and use that Corporation to invest in real estate.
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3 March 2024 | 1 reply
We purchased this directly from the seller at an incredible basis and look forward to executing our business plan in the coming years.
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3 March 2024 | 22 replies
Or worse ...As you grow your business, so should you grow your reserves.
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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.
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3 March 2024 | 9 replies
Finding a way to "STR" a hotel can be a great business opportunity.
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3 March 2024 | 2 replies
Treat them as partners and grow your businesses together
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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.