Stayz Vacation Rentals

24/03/2023

Check out our King Lake Suite in Lake Havasu City, AZ! This 1 bed-1 bath sleeps 4 and is just a short walk to the London bridge. Right in the heart of Lake Havasu City with a Great Lake view and too many amenities to list. April and May are filling up fast, so head over to our website and book your next get away!

24/02/2023

➡Cash on cash return is a real estate investment metric used to measure the return on investment of a rental property, based on the amount of cash invested into the property compared to the amount of cash generated by the property in a given year. For example, if an investor invested $100,000 into a rental property and received $10,000 in annual rental income, with $7,000 in operating expenses, the cash on cash return would be (3,000 / 100,000) * 100% = 3%. This means that the investor is earning a 3% return on their cash investment each year.

➡The 1% rule in real estate investing is a standard used to assess the viability of a potential investment property. It involves evaluating the relationship between the purchase price of the property and the gross monthly rental income it generates. For an investment property to meet the 1% rule, the monthly rental income must be at least 1% of the purchase price. In other words, if the purchase price of a property is $100,000, the monthly rent should be no less than $1,000 for it to pass the 1% rule.

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21/02/2023

Because we're excited to help property owners in with flexible solutions!

19/02/2023

18/02/2023

BRRRR = Buy, Rehab, Rent, Refinance, Repeat.

B = BUY. Finding a property that requires some updates or renovations that will add value to the property. This will require some intensive deal analysis which includes the cost of renovations and estimating the rent you can get each month.

R = REHAB. You have find a property that requires some updates or renovations. This way you're adding value to the property. Repairs can include roof repairs, updates kitchen, updated bathroom, landscaping, etc.

R = RENT. Once you have added value to the property, you are ready to find tenants.

R = REFINANCE. After adding some equity in the house, you are ready to refinance it and pull money out. BRRRR strategy focuses on cash-out refinance. Cash-out refi means that you are able to tap your home equity to withdraw cash for any purpose.

R = Repeat. With the cash in hand, you are ready to repeat the process and buy another investment property.

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18/02/2023

Real Estate Investing is simple.

Picking up a book and reading is simple. Signing up for a free real estate webinar is simple. Attending a real estate networking event is simple. Listening to a real estate podcast is simple.

Getting started is simple.

17/02/2023

A new episode of the Short Term Rental Management show is live! On this week's episode, Luke is joined by Josh and Karen to discuss all things STR insurance. They chat about captive agencies, dwelling policies vs. homeowner's policies, umbrella policies, and much more. We also get some insight from Karen on what's going on with insurance in Florida right now. Listen now to learn from the best!

16/02/2023

Excited to finally share our business with you all!!!