1/ Managing Short-Term Rentals is a systems driven business. It can be done manually, but will absolutely burn you out quickly. Therefore, it is important to build systems and processes that will automate the mundane tasks of management. Here is a thread 🧵 on how we do it!
@PMDBT Hey @PMDBT wondering how I can be an active participant in the DAOs I own if I have been removed from the platform in which the majority of the communication occurs on? Being a participant isn’t just voting yes or no on governance votes, it is being a part of the conversation.
@dennis_unrein@blueprintsmb22@SMB_Attorney 7x EBITA would be very cheap. Most firms with > $200m will likely be 10x+, upwards of 18x. Sub $100m would likely trade on revenue not earnings. 3x revenue is what I’m hearing in most cases.
@baldridgecpa It’s a big gamble. We could find ourselves in a worse place with global recession, trading partners who have established alternative partner markets and massively increased import costs(for products we have no way to produce locally).
@SlurpsWicks@TKopelman All for BTC, but RE is a completely different story and strategy. Unlikely that there will ever be a big narrative of people selling RE to buy BTC.
@BuySellBA@TKopelman Impressive! The most difficult piece is finding a PM that will provide the level of attention/service necessary.
Most I have seen don’t want to raise rents, really manage tenants, and really take care of the property. They just want to be an answering service and collect rent.
@olsonplanner Would be happy to discuss my fit. I work with a few physicians/retired physicians. More complex tax situations/RE exposure are typically a great fit.
@cashrulesNC@zachary_ashburn@meetmikehiggins I actually roll my eyes when people give tax, investment, and legal advice directly, then write ***I’m not a CPA, Attorney, or Investment Advisor
Like that disclaimer does something…