Taylor Witt
What are we seeing for values? Lease & Cap rate
6 December 2022 | 4 replies
Below are some more details and a few questions.PROPERTY/LEASE-rural Minnesota town (around 5k people population)-built in 1974-property is in good condition, right on the main street-10 units ranging in sqft-1 unit on a 3 year lease, 7 are on a month-to-month lease (not sure how long they've all been there), and 2 are vacant (yearly rent for these 2 open units combined would be around $22,000)-there is room for about a 5% increase in fair market rent for the units on a month-to-month lease-the expenses paid by the owner are taxes, insurance, utilities, snow removal, cleaning the common areas and minimal maintenance-yearly rent $133,560-yearly NOI of $103,447QUESTIONS-what are people seeing for office/retail CAP rates?
Bruce Woodruff
Could use a little advice....
14 November 2022 | 74 replies
Our cleaning fee is only $65.
Cathy Malmrose
Took possession, sellers haven't moved
24 November 2022 | 8 replies
The realtor ended up handeling it after I basically said (and made it very clearn) this was her mess and according to my attorney she needed to clean it up.
Michael Trueba
Calculating cleaning fee for budgetinga STR?
6 November 2022 | 8 replies
Cleaning fee is a passthrough paid by renter.
John Franczyk
I need advice on negotiating a flip purchase
1 December 2022 | 11 replies
Or offer him 200k, clean it out, paint it and sell for 250k.
Alex Skeg
Is a Cash out refinance a good idea in my situation?
28 November 2022 | 11 replies
Clean up the landscaping?
Scott Stephens
6 month multi-family BRRRR
29 November 2022 | 2 replies
Property has gone from being a bad apple to a clean and comfortable place to live.
Mike Schouder
First Purchase (maybe) - Tree House - Need Guidance
2 December 2022 | 5 replies
The current owner currently has a small local team in place to manage cleaning, landscaping, etc and she does some of the hands-on management such as putting together welcome pkgs for guests, etc.Bookings and Financial -The property has been on Airbnb since 2019 and did about $140k in '21 (don't have visibility to '22 numbers) and much of '23 is booked already on Airbnb.
Tyler Solomon
Least Favorite Parts of Owning/ Operating a STR?
15 December 2022 | 10 replies
Maintaining good cleanersDebating whether to stay in the cabin ourselves for holidays, or rent as those days are lucrative.having to pay for a cleaning crew for personal stays.
Jason Coleman
Seller Financed- 6 Bedroom Boarding House
15 December 2022 | 1 reply
We have increased management/cleaning systems and paid for monthly pest treatment to stop this from happening again.