5 October 2021 | 4 replies
I used comparables through similar sites to what you mentioned and made a list of notes next to them like "similar condition to ours" "small bedrooms" "has a pool" or whatever else was like/unlike our units and then picked in the higher percentile of rents because I knew we would provide more benefits than other units.
6 October 2021 | 2 replies
This makes more sense for me because it is passive compared to how active my multifamily property was, even with a property manager.
7 October 2021 | 2 replies
The only other differences I'd see are hurricane windows/door, metal roof, the house designed for the coastal elements, ect.
5 October 2021 | 6 replies
If you're serious about investing think about the time sitting on the sideline compared to the opportunities and ROI for properties you could have purchased.
3 October 2021 | 4 replies
After the unit is empty we do a video walk through with the tenant and can compare it to the video we did on day one.
7 October 2021 | 6 replies
We can easily cover the mortgage with our W2 income and we anticipate we will cover the mortgage and then some with the STR income (it has a track record of this with current owners and also comparing data from surrounding comps).
4 October 2021 | 1 reply
I can send you my templates offline as well to compare.
5 October 2021 | 2 replies
You are also purchasing a LLC that may have potential previous/future legal exposure; compared with starting a new LLC when you purchase a property.
9 October 2021 | 3 replies
Not a big house compared to the area but good qualityApproved for financing with equity in land as downpayment (would not have to put much down)Per area realtor, there is demand for both vacation and long term rentals.
4 October 2021 | 2 replies
Is there a general rule of thumb for comparing apartments to houses?