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All Forum Posts by: Joshua Strickland

Joshua Strickland has started 6 posts and replied 407 times.

Post: Bookkeeping Software Recommendations

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

@Allen Meringolo I like that it’s free, can upload all my documents and receipts, app is user friendly for the most part, and already has a lot of accounting categories pre-set up.

Post: Bookkeeping Software Recommendations

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

I use Stessa. It’s not automated, but does good as long as you only have a small portfolio of properties.

Post: Would you buy a beach condo in pcb right now?

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

Yup!

Post: Who does the laundry in your vacation rental?

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

My cleaners take care of mine. They have 2 sets. That way each time there is a turn they bring a fresh set and take the used set with them to wash and use on the next turn.

Post: STR NET INCOME? goal?

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

@Zach Plackemeier Yes. Gross should be around $150k+ 

Post: STR NET INCOME? goal?

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

@Luke Carl hit the number on the head.

My realistic goal on $1 mill property is $75k+ before taxes. Correlates with a 30% COC return with a 250 K down payment

Post: Looking for a location to start STR

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

The best location will be the one you have the most knowledge of. Think of vacation spots that have been around for a while.

Post: How to check specific town allow STR?

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

Call the city’s planning and zoning department.

Post: Short term rental mania

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

@Jon Wright I agree! It reminds me of 2012-2016 when everyone seemed to be flipping because there were so many deals. The question now is will it last? Is it a bubble? Institutional money largely hasn’t entered the space yet so we’ll see.

Post: When to set up property management/pricing software???

Joshua StricklandPosted
  • Investor
  • Flowery Branch, GA
  • Posts 413
  • Votes 412

Go ahead and do it. Those softwares are cost effective enough that it will not break the bank and you can go ahead and begin familiarizing yourself with them. Check out market dashboard in pricelabs and go ahead and tweak your automated messages in your channel manager.