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.

-Top performers: 28092 (Lincolnton) and 28012 (Belmont) are exceptionally tight at 4–5%, indicating very strong rental demand and limited supply.- Submarkets like Huntersville (28078), Cornelius (28036), and Mooresville (28115) continue to show consistent occupancy and rent growth.

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.

It was fantastic when it first came out in March 2022 - 1% premiums, no EGI met requirements, market at the time was not over-supplied, and prices were not too high.

Flooded demand and supply can cause a lot of imbalances.

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.

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. 

It sounds like you might be after a JV partner to supply the money while you handle deal source, rehab, tenant placement and management?

Unfortunately, I live out of state so it's harder for me to buy supplies.

Been tracking supplies and costs as we furnish STRs, happy to share the list if anyone is interested.