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29 August 2020 | 16 replies
My intuition tells me that the 16 rule will skew AirBnBs pricing algorithm and have some negative effect on search results and display ranking of the largest properties.Huge custom mansions (20 person plus) with a traditionally high minimum nightly rate will now be at a big disadvantage in search results against a true 16 person sleeper (mid size) which has considerably lower minimum rates.The largest properties are now in direct competition with mid size properties as far as sleeping capacity and as a result I expect AirBnBs algorithms will begin to ease prices down on the largest STRs because the mid size STRs will always appear as a much much better value.If my assumptions are correct then what follows is basic economics.
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27 August 2020 | 1 reply
Is there anyone else here using podio and mojo together as a combination to manage their customer relationship database?
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27 August 2020 | 5 replies
You also want one who asks about your goals and plans because a tax plan is not a one size fits all, and it should be customized based on your strategy, goals, and life.
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28 August 2020 | 21 replies
A short term rental requires more work and customer service on your part.Have you checked out other STR's in your general area?
30 September 2020 | 6 replies
List Price: $320,000 Loan Amount assuming 25% down payment: $243,750 Expenses as following: Vacancy Rate: 8%, $144/month Custom Expenses: $50/month HOA Fees: $50/month Cap Ex: $90/month General Maintenance: $90/month Mortgage: $1095/month Taxes: $240/month Insurance: $50/month Total: $1809/month Ren Estimate: $1800/month Conclusion: Monthly Cash Flow: -$9/month CoC ROI: -0.14%Perhaps I am being wishful here to find an opportunity under $325K that offers positive cash flow, but it will be great to hear back from investors who are experienced in this areas.
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25 August 2020 | 2 replies
The opportunity came to me when a customer of mine approached me with the idea of flipping this property.
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26 August 2020 | 3 replies
The opportunity came to me when a customer of mine approached me with the idea of flipping this property.
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9 February 2021 | 26 replies
I actually have my own custom calculator that I created that can be used for various scenarios.
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26 August 2020 | 2 replies
In real life, the property was designed by Hawaiian architecture firm Johnson and Perkins who built it as the custom “dream home” of the original owners.
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26 August 2020 | 6 replies
The practice is why every customer focused role I have ever had involved some sort of role playing.