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6 June 2024 | 25 replies
Driving traffic to your direct booking site, if you have one, can definitely be a challenge but I personally believe it's becoming more important all the time, particularly for STR.
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6 June 2024 | 57 replies
Anything under 12.5k sqft I’ve found that the fixed costs are too much to achieve that 35%.40,000sf: This is just a personal rule of thumb where currently I’m trying to stay away from the spaces where the institutional players are operating (if I can).
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5 June 2024 | 21 replies
I personally have not used that data yet, but it is integrated with batch so you dont have to use 2 different systems.
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4 June 2024 | 4 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
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5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.
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4 June 2024 | 1 reply
Depending on how much it is, you can pay them the difference at closing or via contract..The 'cleanest' solution is likely a new conventional purchase mortgage.
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5 June 2024 | 116 replies
Nothing revelatory here - personal finance is personal.
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4 June 2024 | 0 replies
I have my second contract with renters - it is great when they pay Lessons learned?
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4 June 2024 | 3 replies
I’ve used the same realtor who has been pretty awesome both properties went under contract within a week he’s listed for me.
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5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?