Britt Hennings
Share numbers for first STR (small town, normal SFH)
6 June 2024 | 7 replies
/ $1000Utilities / $300 mo.Supplies / $60 mo.Lawn Mowers / $200 mo.Total monthly cost$1600-1700Target nightly rate starting out: $140Cleaning Fee: $50Avg. occupancy rate for my area: 46% (This could be inaccurate)Projection: $1932 (@ 46% occupancy) + 300 (cleaning fee @ 6 stays) = $2232 - $67 (3% booking fee) Monthly Revenue:$2165NOI: ~$500/moSo if you have a lower-end home in a smaller town here are the numbers I'm interested in:Total Revenue for 2023 and YTDOccupancy RateApprox.
Patrick Henry
Im looking to use RP Capital and/or Memphis invest. Advice???
6 June 2024 | 16 replies
The area I last Invested in is starting to price out so the numbers are not moving out of the range I would like.
Christopher Costea
Healthcare Professional looking to invest in real estate
5 June 2024 | 1 reply
I did recently purchase a home to start our family in, however I would like to look for an investment property.
David Bunch
Question on Maintenance Requests from Residents
5 June 2024 | 5 replies
@David BunchIf you're just getting started, manage them yourself.
Nick Allen
Tips for processes and software for minimizing work involved in self-managing rentals
5 June 2024 | 3 replies
I've gotten my bearings and have a cash-flowing triplex banking a little over $1500 / month, and am starting to look at acquiring more properties once I can find another good deal.
Emily Wissinger
Short Term Rentals in Ludlow, VT
6 June 2024 | 16 replies
Fall Leaf-Peeping season is also a huge draw, and then things quiet down for "Stick Season" before they start picking back up in December.Happy to chat with anyone about the area.
Zak Beard
First Property Out of State
5 June 2024 | 27 replies
It's not hard to find deals that are are 5%+ but if you are aggressive (ex. 15%), it starts to get difficult in this market.
Tiffany Youngren
RentRedi = Crooked Practices
4 June 2024 | 3 replies
Then we started slowly moving our tenants over to another software and canceled RentRedi last month.
Jerell Edmonds
Investing out of State
4 June 2024 | 13 replies
Hi Jerell, I started my real estate career as a rental investor, but I discovered I hated being a landlord and how much time it ended up costing me.
Christopher Rodriguez
New to the business
4 June 2024 | 10 replies
Do I start reading "Rich Dad Poor Dad" which seems to be a popular book in this business?