10 July 2015 | 5 replies
who do 90% of everything from some sort of cellular enabled mobile device or smart phone.
31 October 2016 | 41 replies
Staging, offering a buyer agent bonus, open houses, robust marketing will help, but they are only the sorts of things that move the needle a bit.
14 July 2015 | 2 replies
As they are box-shaped we think they are some sort of radiator that partially burned the floors.
6 October 2015 | 6 replies
Just my two cents.We will continue to BRRRR, but will only refi out to the total amount that we have in the project (purchase + rehab + soft costs)...as tempting as it is, we like having additional equity built into the projects as a "reserve" of sorts, but also as a safety cushion in case things go bad.
19 July 2015 | 1 reply
Is what I am seeing some sort of strategy for pulling income or tax benefits?
26 July 2017 | 2 replies
I think there is some sort of myth that if you have a manager their will never be a problem.
29 July 2017 | 18 replies
I have a few questions: so just to be clear, I would still have to go through the process of connections and networking to get the same business jobs if I had some sort of business degree?
29 July 2017 | 4 replies
It might be close enough that it makes sense to pay a hair more to have someone else deal with them all together.Besides that, I am a strong advocate of keeping-it-real with your tenant.
2 August 2017 | 18 replies
Your market is a bit of a different sort of RE beast, so it does not surprise me at all that you may have a hard time applying stuff you've read online and in books to your local market, and think you are on the right track to find a local mentor.My advice on next steps would be to figure out what things a mentor like the one you describe would likely need or want, and then position yourself to provide one or more of those things to them.
16 August 2017 | 19 replies
I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?