Mike Dawson
Loan suggestions on 26 unit?
Hi. I'm looking at a 26 unit motel in a tertiary market. Current financials(according to the P&L) show a little over 35k NOI. Converting to an extended stay, that NOI would be closer to 76k, not including debt ...
Brenda Logan
Netflix and STR question
If you provide Netflix in your short term rental vacation home that stays logged into your account, what happens if the renter purchases a movie that is not free? Or can they? Is there a way to not allow purchases?
Karl Kauper
Laundry Equipment - Cleveland, Ohio
Just curious if there's a consensus: Is it better to own or lease your laundry equipment in the Cleveland, Ohio area (or any area)? My PM is recommending we get rid of our coin-operated laundry machines and replace th...
Ward Hubbell
Unsanitary conditions in my rental
Recently i became concerned about the condition of one of my rental units due to the erratic behavior of my tenant -- furniture on the front porch, garbage in the yard, long rambling texts complaining about the unit, ...
Lydia Wright
Out of State Furnishings
I have an out of state investor that's looking to buy and use her property as an MTR. She is unsure if she's able to fly out to furnish her property. What are some methods that people use for out of state furnishing...
Megan Ashford
New to LOCAL STR property management
Seeking advice on starting career as a local STR manager. Thank you for any Suggestions or leads.
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Real Estate Rental Income as written by Kislay Shah CPA
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Bruce Scannell
Multifamily (MFR) Financing: Falkirk Capital
I’m looking to refinance a 26 unit apartment property using Fannie Mae/Freddie Mac and I’m getting assistance from Falkirk Capital. Has anyone else on BP used their services to do something similar? If so, how was you...
Paul Wirth
Buying a property management business
I need some advise as to how much to pay for a small property management business. The owner charges an average of 7% of gross rent and 50% for lease up. I've been told to buy the accounts and not the business for lia...
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Digital locks for self-management
I’m interested in creating a self-management model that cuts inefficiencies of normal property management services. I’ve spent a lot of money on mediocre service that provides marginal value. I know people say your pr...