3 November 2021 | 7 replies
Occupancy, Revenue per available night, revenue per booked night, total revenue, % from each booking channel, profit/loss-what systems and subscriptions do you use?
4 November 2021 | 4 replies
The fact that a tenant is complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.
3 December 2021 | 13 replies
Not a long-term hold play, but when properly renovated, these greystones near the BLVD can be de-converted to large SFHs that sell anywhere from 1.2-1.7M and sell quickly, so there is a big flip play to buy these at 600-700k and put in 350-500k of work.
3 November 2021 | 1 reply
When can one legitimately leave their job from which they were approved for a loan after closing without having to worry about Fanny or Freddie showing up at their house in the middle of the night?
3 November 2021 | 3 replies
And if we mail it how do we properly collect a certificate of service that will provide proof in court that we delivered the notice on time.Can we hire someone to legally serve the Notice?
21 November 2021 | 11 replies
I have countless stories of tire hoarding situations, and the most likely cause of stored tires is that the original person who stored them collected a “tipping fee” from some local tire shop and wasn’t permitted properly to correctly dispose of them.
18 November 2021 | 73 replies
Well, Minneapolis and Saint Paul decided last night that 99% of Nobel winning economists just don’t know economics as well as they do and decided to adopt rent control and save the cities.
4 November 2021 | 9 replies
If you have fixed long term debt then as wages rise, people will have more income to pay higher nightly rates for rentals.
14 April 2022 | 5 replies
That would be double dipping.I think the bigger concern would be the management company's lack of transparency in breaking down the revenue/expenses, and whether that means they are possibly rent shifting (offering lower nightly rates that they rev split with you and shifting the cost into various administrative fees that they keep 100% of).IE instead of$500nt x 4 nights = $2000, they take 16% of $2000 so you get $1680They might be doing something like (and this is typical of PM companies trying to squeeze out an extra buck)...$400nt x 4 nights = $1600+$400 in "administrative fees" = $2000.You get 84% of $1600 = $1344Same rent cost for the customer but now they are only paying you 84% on $1600 instead of $2000, and then pocketing the entire $400 "administrative fee".
4 November 2021 | 4 replies
I have had clients buy nightly rentals and do exceptionally well.