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10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
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10 August 2024 | 10 replies
CoC RoI is hard to predict because I am trying to do the deal without putting cash down.
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8 August 2024 | 17 replies
This will be around 150k, but down in a 5-6 years this project should help triple (or more) that amount invested when its time to sell the house.I would use 50k from selling stock and the rest from the HELOC, starting paying right away, up to 1200 per month or so.
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11 August 2024 | 99 replies
I'm a newbie and need to hear market predictions to quell my fears of buying my first property at this time.
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8 August 2024 | 1 reply
I question if their intent is to pander to constituents to get votes rather than make decisions in their constituents best interests.Here is some predictions: 1) rent for existing tenants will go up max allowed increase 2) rents for turned over units will go up far higher than the historical average.
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9 August 2024 | 39 replies
Typically they have been restricted to Wall Street type products like stocks, bonds, and mutual funds.
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9 August 2024 | 16 replies
I could get that in a stock market index fund with a whole lot less hassle and risk.If I were to mortgage it (assuming I even could, what with the fractional ownership) it would be 340k purchase with 20% down @ 5.5% = 68k down pmt and 1823/mo (22k/yr) in mortgage costs.
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8 August 2024 | 11 replies
It has fallen, but not to the level that I predicted.
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9 August 2024 | 16 replies
This is a very passive way of getting involved in real estate that provides fixed returns that are usually higher than the stock market.Those are a few ways to get involved in real estate in a more passive role.