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8 May 2024 | 10 replies
Can try to repositionto Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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7 May 2024 | 20 replies
Your insurance or their renters insurance may also cover costs of lodging during repairs.
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7 May 2024 | 7 replies
Run your numbers and stick to them- note that maintenance costs are still high, so pay careful attention to your numbers.
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7 May 2024 | 9 replies
I'd run a leveraged return calculation on your existing rentals and compare that to your current yield. depending on the cost of funds- it could really be worthwhile to use leverage wisely
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7 May 2024 | 6 replies
@David Roy GriffinBeen in the call center industry for 16 years holding different executive positions (even in the Philippines), so I can tell you this is not a good option for a number of reasons.1. 1,000 names will never bill enough to cover the call centers "hard costs" (training time, dev time, QA, overhead).
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7 May 2024 | 4 replies
I know there is Airdna but it costs money.
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7 May 2024 | 6 replies
For a good duplex in Tosa or West Allis that is 15-20k including closing cost.
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7 May 2024 | 7 replies
And since Airbnb is becoming less and less cooperative with Hosts, the most recent issue (Airbnb stopped charging any cleaning fees on my bookings) cost me over $1000, so I was forced to drop OwnerRez.
7 May 2024 | 3 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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7 May 2024 | 14 replies
OOS investing in low cost areas may work for a few, but likely won’t work for the majority.