The home received a full transformation including updated flooring, remodeled kitchen and bathrooms, fresh paint, improved lighting, and exterior enhancements that elevated curb appeal.

Another strategy is to implement a detailed project timeline to ensure efficient use of labor, thereby minimizing delays and unexpected expenses.

Under the partnership terms, ownership entity collects $9,500 NNN rent, the operators collect a management fee and the liquor license and increased occupancy related expenses are repaid using a 7- year amortization schedule to real estate partnership.

Similar to real estate, you do not find a newly renovated home in great area for a steep discount, its discounted because there is work or something that needs to occur to enhance its value.Hi Chris,Appreciate the response.

Do you understand all the expenses and what should be expected?  

Each improvement was designed to increase appeal, enhance functionality, and position the property competitively for resale.What was the outcome?

Improvements included new flooring, upgraded kitchen and bathrooms, modern finishes, and enhanced curb appeal.

Does anyone have a expense/mileage/income tracking tool in Excel that they like?  

Here are a few brainstorming ideas:Outdoor LivingMust have potential for high-impact features like fire pits, hot tubs, dining areas, or outdoor games to significantly boost appeal.Views & ProximityProperties with desirable views or close proximity to water, nature, or main attractions offer an enhanced guest experience.Premium Interior FeaturesPotential for dedicated game rooms, high-speed Wi-Fi, or comfortable dedicated workspaces to cater to diverse guest needs.Easy ParkingAdequate and convenient parking for the expected guest group size is critical for convenience and securing 5-star reviews.Garage to Game Room ConversionIf driveway parking is plentiful, converting a garage into a functional game room or extra living space offers amazing added value.Noise & Light AbatementEnsuring quiet enjoyment of the property through noise reduction measures enhances guest comfort and prevents issues with neighbors.

To mitigate this, you might consider enhancing security measures, such as installing additional cameras or ensuring neighbors are aware of the situation and can keep an eye out for any suspicious activity.Learning from this experience, you might want to revisit your listing settings.