All Forum Posts by: Brendon Kelley

Just under 4.5 hours for one person without doing laundry, just taking sheets off and then making the beds with new sheets. I’m sure when we start doing it every single day then we will get more efficient but idk how we could possibly knock if two hours. 

 Thanks for the input! The strategic partnership is exactly what I am going for, but to make it scaleable past just me and my wife, I am worried I can't beat the cleaning fees in my area. I did not know to take off the 20-30% and even without doing that, I thought it would be tight with the prices I was seeing. 

Jeez, that is so cheap. Idk if we would be able to scale. We did a trial run on our own house which is 2100 sq ft. It took around 4.5 hours to finish the cleaning list we made, not including laundry because we want to use a wash/dry/fold laundry service. To make the $45/hr we are going for, it would have to be a like $240 clean once you take out cost for laundry on our end. Might just not be feasible the way we wanted to do it.

 Thanks! What’s the sq ft of that property if you don’t mind me asking? 

Hey all, my wife and I are looking to start a short-term rental cleaning company. I have found so much conflicting information online about what is included, how much to charge, etc.

So my question is: what do your cleaners include outside of regular cleaning duties and how much do they charge? (Per sq ft if possible).

Specifically trying to find out if the cleaners supply and pay for disposables such as kcups, toilet paper, paper towels, etc., if they include the laundry service or if they require you to outsource it, and anything else they may or may not do besides the actual cleaning. TIA!

My wife and I are starting a cleaning company for short-term rentals, but I also thought that turnover cleans for apartment complexes may be another good source of business since they would be similar in nature.

However, I am not sure if they hire that in house or contract it out? I'm sure smaller properties are unlikely to hire someone full time to do it, but at what size do they hire within (if they ever do). I am not familiar with apartment management. 

Any other info about the apartment cleaning situation is welcomed as well! TIA!

Hey! I’m a newbie. Started listening to the podcast and hopping on forums like a month ago. Then wondered onto a couple real estate YouTube channels, one of which being Grant Cardone. 

What kind of fund is he advertising all the time on YouTube and how is it not illegal? From what I gathered so far on forums and the podcast the government is really strict about that stuff right? So how is his not illegal?

If it’s perfectly legal why isn’t everyone going around posting videos about investing with them?

Thank you for any replies ahead of time! I’m just very curious! 

Is it okay to ask for owner financing if this house is listed?

Does this affect the real estate agents commission?

Sorry if these are silly questions, I’m new! Thanks!

Hi!

I’m brand new and seeking some clarity on the process of having an investor.

So let’s say me and my partner find an investor who is willing to front the money in exchange of a share of the cash flow and equity. Would an 80/20 split be far if we are finding the deal, managing renovations (and doing some ourselves), and then acting as the property manager as well? 

Also, how does their 20% equity work in regards to BRRR? Let's say a house cost $25,000 and had $25,000 in reno. Then we refinance. What happens if we only get 45k? What happens if we get 60k cash back?

Lastly, what happens with monthly cash flow? Let’s say it rents for $1,000/mo. Do we just forfeit up $200/mo to him or do we get to take out expenses and then give the investor 20% of monthly profits? (After saving for capex, repairs, taxes, insurance, mortgage, etc). 

All guidance is greatly appreciated!