Gina Coleman
What will I need for my first rental? Insurance, banks, PM, etc
11 July 2024 | 24 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.
Savannah Walbert
Zoning for an ADU in Linden?
15 July 2024 | 10 replies
ADUs or carriage houses are well supported in adjacent downtown neighborhoods but no one is building and selling new construction homes the comparable will be very limited. the appraisal will be difficult. it's just a lot.
James Carlson
Hot tubs boost your STR revenues by 34% ... and other AirDNA findings
8 July 2024 | 12 replies
I will send current clients my past clients' homes and talk revenues, but there's no way to show, oh hey, this Denver STR pulled $90k this year but would have done only $70k if it didn't have the hot tub.It's nice to have that data to back up what I'm saying.
Daniel Dahan
What is the best way to attract cash buyers and or obtain investor/cash buyers lists
10 July 2024 | 10 replies
He suggests posting ghost ads for properties and whenever potential buyers call get their information and add to your list.
Jason Reider
Home Equity Loan for Down Payment
9 July 2024 | 2 replies
I applied for a loan with my local credit union, but they called me to ask about the purpose of the funds.
Laura Casner
Estimating operating cost on a new construction STR
11 July 2024 | 10 replies
Hey @Laura Casner, I agree with others to use the local real estate and find out what others are paying.I would call an agent and give them some specs on the house you are planning and the location and they should be able to give you some decent idea of insurance cost.I would budget a bit more for repairs and maintenance for the first year after the build.
Yaakov S.
Tenant pays rent extremely slowly
12 July 2024 | 13 replies
., no matter what state you were in, why would you think to evict?
Tim Callahan
Help me prepare for a potential fight at the end of the lease
12 July 2024 | 8 replies
@Tim Callahan - I'd recommend hiring an experienced eviction attorney if you expect a fight and have them manage the process so no crucial steps are missed.
Glenn Hoffman
Zillow Drops Avail (Avail.co) for Listing Syndication
10 July 2024 | 9 replies
So I had to do these through emails, calls or in other platforms that use SmartMover for background check.I also discover another tool called TenantTurner.