Robert Bates
How to handle a Holdover Tenant
I have a tenant who's lease expires on 12/31/19, but plans to stay 3 extra days because her new apartment isn't ready. What remedy is used in this situation, if its a fee, How much do I charge?
Caden Wakim
Vacation rental advice in Orlando, Florida
Hey all-
I am looking at buying a home in Orlando in the neighborhood for 600-800k. I plan to use it as a vacation rental. I've been doing my own research, but I thought id pop a post up on here and see if anyone can...
Pat L.
Mortgage Fees - Fees Worksheet
I'm looking to buy my first real estate property. I received a Fees Worksheet from my broker. I want to do my due diligence regarding the fees on the fee worksheet.Do this fees look legit to you?:Pay To: Broker- Under...
Michael Ash
Residential Lease Agreement
All: I am under contract on my first rental home and have begun the process of reviewing lease agreements. I heard on a BP podcast that Landlord's tend to favor a Rent Due Date Extension. The provision may allow the T...
Sai T.
Late rent almost every month
Hello BP members I receive the rent but always 5-10 days late with late fee $75/-This month I got this email from tenant “Hello i emailed you before the 1st to let you know that i wouldn’t be able to pay my rent unti...
Dominic Ruegemer
Building Property Management
Maybe this is a Stupid Question.....As a Property Management company, how do you handle the money? Do you collect it, take your fee( placement/monthly fee), and then give it to the owner. Or do you bill the owner?Also...
Simon Smith
Sunny Isle Condo - Help Needed
Hi All,Currently living in NYC, looking to purchase a beach front condo in sunny isle. Looking to use it as a getaway from the city, maybe spend 2-3 weeks every 2 months there. Ideally would like to SRT when i'm not t...
Ian Bruesehoff
Leasehold till 2050, worth it? (2B2B) (300ishk$)
Hi everyone,
AirDNA is projecting $113k projected revenue, 84% occupancy, and a daily rate of $370. HOA $1120 a mo.
OPEX $31k, NOI $82k, CAP rate 25%.
I currently own & operate two STR‘S in SoCal USA, both fe...
Ryan Leake
STR Data in Austin, TX - # of Guests, Average Daily Rates, Occupancy %...
This week's post goes out to the data-driven folk...First, let's talk about two key metrics: Average Daily Rate (ADR) and Occupancy Rate (%).Understanding ADR: Maximizing Rental IncomeThe Average Daily Rate (ADR) is a...
Daniel H.
Mortgage Principal
Noticed that the principal portion of my mortgage payment went DOWN from Feb to Mar. Looked back over the last year and it kind of jumps around, not always continuously increasing. Called the bank, they said it was ...