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22 January 2025 | 2 replies
Additionally, I'm working with the RE Ally Property management team, who was able to find a tenant to rent at slightly above market rates without any vacancy.
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22 January 2025 | 1 reply
Then it really grows with each additional one.
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24 January 2025 | 6 replies
Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly.
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12 January 2025 | 2 replies
This conveys confidence and ensures you don’t end up overpaying or taking on unfavorable terms.Negotiate More Than Just PricePrice isn’t the only factor in a deal—other terms can often be just as valuable.
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22 January 2025 | 3 replies
Additionally, based on your numbers, it should definitely cash flow.
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21 January 2025 | 7 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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21 February 2025 | 27 replies
If you are looking to refinance the rate and aren't concerned with taking additional equity out on your property, then you should use a rate/term refinance.
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21 February 2025 | 22 replies
Since these accounts are in the business name, they don’t affect DTI, making it easier to secure additional funding.How fast you're looking to scale will determine the best approach—some investors go the business credit card stacking route for quick access to $150K+, while others secure business lines of credit for more flexibility.
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30 January 2025 | 3 replies
Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?
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20 January 2025 | 8 replies
It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.