12 April 2025 | 33 replies
They help guests visualize their stay and build trust.Streamlined Experience: Automating check-in/check-out, cleaning schedules, and guest messaging can help things run smoothly and reduce any potential stress on both sides.Exceed Expectations: Small touches — like providing local recommendations, quality amenities, or a personalized welcome note — can make a big impact on guest satisfaction.You’re already setting yourself up for success with your team and systems, so just keep focusing on delivering a smooth, memorable guest experience, and the 5-star reviews will keep coming!
12 April 2025 | 8 replies
It is a pretty highly demanding job that requires a lot of executive function, but not the best paying job, compared to more corporate roles within real estate.
11 April 2025 | 12 replies
Obviously, some have more favorable laws towards landords and some have less, STR regulations, etc.You need to risk at look differently than what the normal BPer subscribes to; fomo buying, $5k reserves, minimum down in ****** neighborhood, and underwriting for the best case scenarios.The risk can be mitigated through a function, among others, in no order:1) What you pay(entry price)2) Exit optionality(any entry needs to be evaluated about how you can exit)3) Proper insurance and legal coverage(LLC, HOI, lawyer, etc.)4) Delegation of systems(property manager, handymans, gardeners, etc.)4a) If rehabbing-- delegation of contracted work and actual contracts in place to protect you.5) Financial strength-- If you don't rehab the place, you need to have 100% of capex reserves set aside, plus 3-6 months vacancies, and 1-2 months of lead time(to lease).
17 April 2025 | 91 replies
I'm looking at tariffs from a macro perspective- if the tariffs are here to stay, the harms caused will be primarily to the lower and middle income earners, as tariffs will function as a regressive tax.
11 April 2025 | 6 replies
I have been trying toe get a list of the IRS discriminate function indicators to no avail so I'd like to know how you can say that home office no longer concerns IRS.I was just making the note that broad stroke for everyone to add spouse, kid etc to create a partnership has other considerations people need to be mindful of as well.
11 April 2025 | 6 replies
The search function is not the greatest, my recommendation to search is to go to google and put the words you want to search and then biggerpockets and I find those results to be much better than within biggerpockets.
12 April 2025 | 15 replies
This is the only line mentioning mold:"(13) Visible mold growth, as determined by a health officer or a code enforcement officer, as defined in Section 829.5 of the Penal Code, excluding the presence of mold that is minor and found on surfaces that can accumulate moisture as part of their properly functioning and intended use."
11 April 2025 | 12 replies
Section 8 or private pay, D class or A class, optimize your rental for function, ease of management and resale or suffer.
15 April 2025 | 376 replies
Too bad ignorance is not a function of stupidity.
11 April 2025 | 27 replies
Inflation is a function that is omnipresent in US economy and really nearly all.