John Friendas
Using Duplex as Quadplex
28 June 2024 | 9 replies
The tenants actually love this because there are tons of efficiencies to splitting the base charges and fees.
Damein White
Will a mini split increase home value
27 June 2024 | 17 replies
Once installed, best to have them on predefined schedules, as they’re only 3x as efficient as gas/oil when they’re working to maintain constant temps versus changing it up/down over time.
Sokun So
STR Co-Hosting / Property Manager OTA Setup
27 June 2024 | 1 reply
However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.
Erich Henson
Creating a private property management company with partner(s)
27 June 2024 | 4 replies
If the intent is to self manage and believe partnering where resources can be shared, that's a different story and have seen it done in ways that added efficiencies that wouldn't exist without pooling portfolios.
Julie Muse
Rick Road Flip: Major Profits in Reading with MH Property Solutions!
26 June 2024 | 0 replies
This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.
Jonathan Feliciano
Should you have a Contractor walk the property with you?
27 June 2024 | 9 replies
This is a good idea and should be done during due diligence after you have the property under contract.There are some contractors that just work with investors and efficiently get the work done on fixer-uppers or flips in a timely and cost effective way.They may charge you for the estimate which is credited to any work you have done.A general contractor is not a replacement for a quality home inspector and the home inspector may find additional work that needs to be done so good to have them there on the same day if possible.Both results and estimates are useful in retrading or renegotiating after the due diligence.To your success!
Alexander Wehrmann
Convert my home to a rental and sell equity
27 June 2024 | 6 replies
They are efficient and many lenders have a cap on maximum cash in hand of $250-500k but others have no limitation.
Chris Seveney
What is best power dialer
25 June 2024 | 14 replies
I have used Batch Dialer, it's user friendly and efficient.
Kinnari Pandya
Tampa For Real Estate Investment?
24 June 2024 | 9 replies
Vacancy rates:The overall office vacancy rate in Tampa is 9.4%, which is below the national average of about 13%.For residential properties, the homeowner vacancy rate is 1.0% and the rental vacancy rate is 4.2% in the 33619 zip code.Days on market:Specific data on days on market wasn't provided for Tampa overall, but the median days on market for homes is 89 days according to one source.Promising areas:The Westshore and Downtown Tampa submarkets have seen increased occupancy, with an uptick of 175,000 square feet over the past year.The Westshore submarket has seen its vacancy rate drop by 100 basis points year over year to 12.5%, hitting a four-year low.Rental property insights:Tampa has a high percentage of renters, with 53% of the population renting rather than owning homes.The median rent price in Tampa is $2,941.Market trends:Tampa's real estate market has seen strong appreciation, with a total appreciation of 129.39% since Q1 2000, at an average annual rate of 4.41%.The city is experiencing population growth and an influx of young, educated professionals due to increasing employment opportunities.Regarding your interest in a brand new construction SFR with live and work usage, this could be a promising investment given Tampa's growing population and the trend of people seeking to live close to their workplaces.
Julie Muse
W 7th Ave Flip: Big Gains in Trappe with MH Property Solutions!
25 June 2024 | 0 replies
This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.