Look at trying to get insurance anywhere in Floriday right now, and you'll see that insurance costs make an investment in Florida impractical. The HOA costs/insurance issues are of concern nationally, but the stability of the insurance market is an issue nationwide. It's not relegated to condos and townhomes.
Hi Erin - would you add your expenses to the unturnished rate…utilities, wifi, insurance? This makes the margin really slim. While we do negotiate a slightly below market rate in an arbitrage situation.
The concerns for arbitrage are different because there is no long-term equity. For landlord hosts that own their property, the focus is on long-term equity/appreciation and wealth. These models support that goal but are the icing on the cake, not the cake.
As a marketer, I can’t stand the fact that the RE industry is using the word Avatar when they mean Persona. Either way, thanks Erin, for the knowledge you share.
There are a lot of things the RE Industry does that I cannot stand, BUT- I think it's changing and that's a good thing. Thanks for your comment and for watching!
Look at FL right now about condo investments and the huge additional costs that are being applied recently to current owners.
Look at trying to get insurance anywhere in Floriday right now, and you'll see that insurance costs make an investment in Florida impractical.
The HOA costs/insurance issues are of concern nationally, but the stability of the insurance market is an issue nationwide. It's not relegated to condos and townhomes.
@@midtermrentalconsulting yes. our escrow adjustments for all these increases is kinda terrifying.
Learn how I maintain a 92% occupancy rate. th-cam.com/video/GC5LW4scQwo/w-d-xo.html
Hi Erin - would you add your expenses to the unturnished rate…utilities, wifi, insurance? This makes the margin really slim. While we do negotiate a slightly below market rate in an arbitrage situation.
The concerns for arbitrage are different because there is no long-term equity. For landlord hosts that own their property, the focus is on long-term equity/appreciation and wealth. These models support that goal but are the icing on the cake, not the cake.
As a marketer, I can’t stand the fact that the RE industry is using the word Avatar when they mean Persona. Either way, thanks Erin, for the knowledge you share.
There are a lot of things the RE Industry does that I cannot stand, BUT- I think it's changing and that's a good thing. Thanks for your comment and for watching!
Also, you like for 3 things to do in 2023 actually goes to a video about your first property rental and the issues you had.