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18 April 2024 | 4 replies
Carrying out a comprehensive property analysis is key to pinpointing amenities that will draw in tenants and optimize rental revenue.Decide on your plan for house hacking- will you reside in one unit and lease out the other, or rent out both units and live elsewhere?
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18 April 2024 | 10 replies
Look at the properties themselves to see what the competition looks like in terms of quality and amenities to make sure you can be competitive and look at their calendars to see how much demand there is.
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18 April 2024 | 7 replies
A "good deal" might be too far from the highway or lack surrounding amenities that are appealing.
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16 April 2024 | 1 reply
Offering camping accommodations comes with inherent risks, so it's important to protect yourself legally and financially.Site Preparation: Consider what amenities you'll provide at the camping sites.
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17 April 2024 | 5 replies
Orlando is a VERY competitive STR market and theming is very important, as well as amenities.
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16 April 2024 | 18 replies
Sellers motivation shouldn't factor in what you can afford, thats a bonus if they will negotiate, but your numbers have to make sense to you and work out for multiple exit strategies (str, ltr, sell etc)Running the purchase numbers is pretty straightforward, use almost any online mortgage calculator, make sure you know taxes and insurance (taxes will go up a bit if it is currently owner occupied and you don't plan to live in it) Once you know your mortgage amount then start looking at other STR's in the same area and same size/amenities and see what they are getting per night and how many nights a month they are rented to calculate what you MAY be able to get.
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16 April 2024 | 13 replies
You'll see more rentals than homeowners, cars parked in the yard, and less amenities.
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16 April 2024 | 0 replies
Perfecting the property as an STR without putting too much money into decorations and amenities.
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17 April 2024 | 35 replies
@ Julie McCoy I just post some pictures and a short description along with the listing for VRBO where they see the entire description and amenities.
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17 April 2024 | 17 replies
@Michael Plaks amen!