Bailey Kramer

Quote from @Bailey Kramer: A big part of the problem with STR is that people fail to accurately account for expenses and exaggerate their income. I'm not hacking on you, but I'm going to hack on you because I love to dig into this stuff. A mortgage of $100,000 at 8.5% is $8,760 a year and property tax probably runs around $1,400. That's over $10,000 but you only list $7,323? How are you saving $3,000? Where's the property insurance that runs an average of $1,600?

Hey Everyone!  I've been running str's and mtr's for about 5 years now and have been using Schlage Encode smart locks. When they work, I LOVE them. But when they get disconnected to wifi (more often than I'd like) or just completely die and stop working, I get frustrated lol. Curious if anyone has any other Smart Lock they recommend - I currently have 2 replace 2 smart locks and open to trying one out!

Hey everyone — Bailey here 👋 I own 10 Mid-Term Rentals (all owned, no partners) and co-host several more. Over the years, I’ve watched a lot of people jump into “MTR Arbitrage” (and also Airbnb Arbitrage) because it looks like an easy shortcut into the space. I get why it’s tempting… But in my opinion, it’s actually one of the worst business models you can build if your goal is long-term wealth.