If the deal still makes sense with that payout, it might be worth it just to get him out quickly and move on.

I put together a short survey to get a better sense of what hosts are dealing with everyday when it comes to getting their properties cleaned.

Quote from @Ashley Westerfeldt: Hi everyone, we are working on a deal that currently has an underground, salt water pool outside as well as an indoor hot tub.

I dont see me getting the deal for less than 200K. 

I did public record searches on all the tenants while I was in the process of buying the building just so I'd know who I was going to be dealing with.

Australia specifically but I’m interested in hearing about how you financed deals as an international investor!

What made you interested in investing in this type of deal?

Property manager and assistant property manager (as your direct contact)cheap, fast, and good - typically you can only pick two

This is not the case for the majority of metro areas across the US.In less hyperbolic markets there wasn’t an intense amount of speculation so operators didn’t pay high and are weathering the storm on interest rate resets and are finding a way to refinance Deals with maturity walls.I am finding that a lot of killer deals with my clients are happening in the sub 50 unit deal space for those who need to sell, because there’s much less competition in a chase for yield.  

Finding cash-flowing deals are tough, but pad-splits could be a game-changer—both for improving returns and addressing affordability in housing