It covers expenses like supplies and small things and then it gets reimbursed back from the net payout to the owners so each month there’s a net payout summary with a check for the owner, which includes all the bookings in minus the fees, taxes, and Amazon Along with the commission I am currently just using Excel to do bookkeeping, knowing the entire time that once it grows, we’re gonna have to grow with it in terms of technology.

@Matheus SouzaInvesting in out-of-state markets like Cleveland and Columbus can offer accessible entry points for first-time investors seeking multifamily properties with your budget constraints.Insights on Cleveland: The multifamily market in Cleveland is showing signs of stabilization in 2025, with rebounding demand following a period of supply adjustments.

A few questions about the expenses:Cleaning & Maint: 3.1%Legal and Common Area: 1%Repairs: 2.8%Supplies: 1.0%Utilities: 16.6%Capex (appliances): 0.8%These expenses are very favorable, but also quite low for a 10-unit coastal STR.

I live nearby, and my crew will actually be renting a few of the units since we travel for Tractor Supply buildouts and similar projects, so overall maintenance should stay pretty low.The roof is new and already has solar, which helps a lot, and each unit has its own PTAC system for heating and cooling.I’ll keep you posted on how it goes.

thank you, i have a hard time figuring out what the stats mean - for my area it says Map searches for the dessau area (last 12 months):1,443,370Property listing page views for the dessau area (last 12 months):778,256Total private units are 798Does this mean the demand is high, supply is high or low.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.

To find real flippers and build a reliable team, lead with value and tight filters: define your flip box, then post and ask at local meetups, investor FB groups, and supply houses for intros to GCs, agents, and lenders who’ve closed multiple flips this year; run quick interviews, verify with photos, permits, and past HUDs, and start them on a small, time‑boxed task to test communication, updates, and workmanship before giving bigger scopes.

Despite owning a condo they are not what I generally recommend due to fees and likely abundant supply when it comes to resale and renting. 

The property is worth $500,000 roughly and this should lead to a $60-65K depreciation deduction from a mixture of long-term depreciable assets and short term (furniture, finishes, sidewalks, landscaping, etc.).

@Jorge Vazquez I often get inundated with these types of calls after credit pulls, particularly when opening credit accounts at supply houses for building materials, but less frequently when credit pulls are completed for bank loans.