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Top related persons:
Dana McMahan - 1 ” McMahan - 1 “ - 1 McMahan - 1 ” - 1 ­ — - 1 David Ryder - 1 Bill Colson - 1
Top related locs:
Louisville , Kentucky Blue Ridge , Georgia Maryland Georgia Vertigo Louisville Detroit Louisville
Top related orgs:
Realtors - 2 CNN - 1 National Association of Realtors - 1 MLS - 1 ” - 1 NAR - 1 Bloomberg - 1 Getty - 1

Search resuls for: "Dana McMahan"


3 mentions found


☆ How buyers and sellers are navigating real estate’s seismic shake-up
  + stars: | 2024-08-19 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
Traditionally, home sellers in the US have been responsible for paying real estate commissions. The standard 5% or 6% commission was usually split between the seller’s broker and the buyer’s broker, referred to as cooperative compensation. After August 17, sellers and their agents are prohibited from advertising how much they would pay to a buyer’s agent in the MLS. Given the new rules, McMahan said she might reconsider her offer of a 3% buyers’ broker commission the next time she sells her home. These agreements are intended to inform buyers that they may be responsible for covering their Realtor’s commission payment themselves if a seller chooses not to offer it.
Persons: Dana McMahan, ” McMahan, “, McMahan, ”, ­ —, David Ryder, Bill Colson, Colson, ” Colson Organizations: CNN, National Association of Realtors, Realtors, MLS, ”, NAR, Bloomberg, Getty, Maryland, Navy Locations: Louisville , Kentucky, Blue Ridge , Georgia, Maryland, Georgia
☆ We rented our house on Airbnb for 15 years. It was so much work that we had to stop.
  + stars: | 2024-07-27 | by ( Dana Mcmahan | ) www.businessinsider.com   time to read: +6 min
Renting your home to strangers for money wasn't even on the horizon when my husband and I bought our first house almost 20 years ago. I thought renting our house to race-goers would be an easy way to make a quick paycheck. We were early Airbnb adoptersIt didn't go well at first, though, with our first guests writing us a bad check. Courtesy of the auhorAlthough it's commonplace now, in those early days, friends thought we'd lost it when we let strangers stay in our house. A beautiful house that just needed some work, with a third floor guest suite and a carriage house, it had tons of potential as a short-term rental rental.
Persons: wasn't, Airbnb, we'd, Vertigo, COVID didn't, we're, aren't, it's, Diane Deaton, who's, It's, I've Organizations: Service, Kentucky Derby, Business, Realtors, House Locations: Louisville , Kentucky, Vertigo Louisville, Detroit, Louisville
☆ Real-estate investors who nearly went bust on their first and only flip are now landlords of a 16-apartment building. They say real estate is anything but 'easy' or 'passive.'
  + stars: | 2023-03-30 | by ( Aj Latrace | ) www.businessinsider.com   time to read: +5 min
Louisville investors Dana McMahan and Mike Consigliere bought a rundown house for $80,000 in 2020. They lost money on the deal, even after selling the rehabbed house for $435,000 two years later. Now they own a profitable 16-rental building but warn others that real-estate investing is not easy. But after getting a lead on a 16-unit rental property, they scrounged up their remaining savings and cashed out their 401(k) retirement accounts to buy it. Travel nurses and medium-length renters, though, will pay closer to $1,500 a month, McMahan said.
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