20 October 2023 | 0 replies
This is a new building type after some zoning reforms implemented this year, so the local industry and code officials don't have much experience with new construction of these kinds of properties.One thing that we were recently made aware of is the requirement in the IBC (which applies to this project since it is 4 units) to provide at least one van accessible space as one of the parking spaces.
25 July 2015 | 11 replies
You can do RE anywhere it is all about implementing the correct strategy..
10 October 2023 | 2 replies
Looking forward to implementing this in my vacancy ads and helping tenants build credit.
25 October 2023 | 9 replies
Do you know how people typically implement/use Zillow's floor plan and tour and is there a fee that is charged from using it?
25 October 2023 | 5 replies
I don't think even the best PM perform in a way to implement your business plan successfully unless you find that needle in a haystack.I am invested in properties in both places and out of everything I have those two are probably the worst performers and take the most times.
18 September 2023 | 16 replies
I love your comparison against hotels, and that they do certain things for a reason, and that those things are what produce long-lasting success in their business model.As a host, I've tried implementing "hotel quality" at all of our vacation homes but have encountered friction from those STR investors who don't understand the difference between being cheap and being frugal, much less see the value in great design, or the 'little things' that make a big difference.
26 October 2023 | 2 replies
Some cities have stringent regulations, or they may require certain permits, licenses, and you might be subject to additional taxes.Management: STR requires a different kind of management than long-term rentals.
10 December 2018 | 21 replies
Mario Furmanczyk I don't have the answer to that but i got a call asking if we can upgrade their units to hotel code due to a city letter. my ballpark bid was 180k min and 220k max for 8 units two storey. they wrote a letter to city that they'll revert to long term. never heard from them again. i'd say list it, the str law is not that stringent, the benefits outway the risk.
28 October 2023 | 28 replies
Inspectors were at times unsure just what rules to apply to this home, and they just went for the more stringent ones every time.
28 October 2023 | 3 replies
The rental agreement is under-market rent for the area by ~$400/month and my strategy would be to implement a rental increase or end the current agreement with the proper 30+ day notice.