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12 March 2024 | 4 replies
If a subcontractor is not performing well, we recommend terminating their services immediately and paying them for the work done to avoid any negative impact on your reputation. hope this helps feel free to ask me anything.
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12 March 2024 | 22 replies
If you haven't already, a professional eviction service might offer additional strategies for dealing with difficult tenants and can coordinate with law enforcement to ensure safe access for inspection.Hiring private security for a short period post-eviction can help ensure safety.
12 March 2024 | 1 reply
You can try to offer less, but likely will get beat out by an owner-occupant that will think this is a great deal.This is probably a Class A property, which typically don't cashflow for the first 3-5 years - until rent appreciation exceeds the payments.If you want cashflow, you'll have to find a great Class A deal or start looking at Class B & C properties.
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11 March 2024 | 24 replies
neither the real state attorney hired to create the LLC nor the CPA mentioned anything about tax implications when the company was created, I feel the 'experts' I paid for this services let me down.any recommendations, or options to minimize the amount of money owed?
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12 March 2024 | 13 replies
Typically you can get close to 90% LTV.
11 March 2024 | 4 replies
Keep in mind that LOC interest rates are typically adjustable, impacting your long-term holding costs.
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12 March 2024 | 5 replies
So increase NOI, then you can back into a rough number on what your loan proceeds will be based on your forecast debt service upon refi.
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11 March 2024 | 40 replies
Yes, its not as good as other skip tracing services.
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11 March 2024 | 15 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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13 March 2024 | 25 replies
Make a surprise visit between guests to see how it really looks after the cleaning.Yes, At the end of the day Airbnb is a hospitability service, so we just have to accept what the guest says.We also know that the whole feedback thing like @Nathan Gesner mentioned is almost bogus.