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All Forum Posts by: Andrew Wong

Andrew Wong has started 28 posts and replied 270 times.

Post: Is This Off Market Strategy too Invasive?

Andrew WongPosted
  • Investor
  • Milpitas, CA
  • Posts 278
  • Votes 155

I'd be a little creeped out and annoyed. 

On the other hand, all you need is one person to NOT be creeped out and annoyed and you got yourself a potential deal.

Post: Amazon HQ2 - REI Opportunity?

Andrew WongPosted
  • Investor
  • Milpitas, CA
  • Posts 278
  • Votes 155

Nobody read this: https://www.nytimes.com/interactive/2017/09/09/ups...

I thought it was was an entertaining article.

TL;DR: Denver won out

EDIT: Guess someone did read it, I just didn't read page 1 where someone linked it already

@Kevin Lefeuvre, cant one make the argument that the market rate for units with AC is greater than the market rate for units without AC?

Post: California Keep rental property in Living Trust vs LLC

Andrew WongPosted
  • Investor
  • Milpitas, CA
  • Posts 278
  • Votes 155

We never plan on doing a lot of things. 

Why do you want a LLC? Usually getting higher umbrella insurance is enough for most situations.

@Sandra B. thanks for the tip, but I don't own the properties.

@Luc Boiron, yup that's definitely the easiest way, and already a consideration. Am just looking for any creative things people have done.

@Kevin Lefeuvre, did you end up increasing your prices? Why isn't this something that you think I can try to upsell? How does this differ than say, offering periodic cleaning services as an upsell?

@Jon Crosby, yup... it's going to cool down in the next few days for the rest of the year. However, I figure I should just buy my current guests that is complaining the unit because who knows if 75 degrees is still too hot for them.

My units have no central AC. I clearly mark there is no AC as an amenity. There's been some heat waves in the area, two weeks ago hitting > 100, this past week hitting 85. 

Guests have been complaining about the heat, about it being unsafe. We provide a tower fan, but no portable AC unit.

We're thinking about buying portable AC units, but are looking for tips on how to monetize it correctly. Does anybody have any ideas?

Some include telling guests that they can rent an AC unit from us. But we can only have those units that have a hose out the window, installation on every turnover will be a pain.

Of course the other idea is the less painful thing: include it as an amenity and charge more. But AC isn't really needed in our area except for a couple days out of the year. That's one of the major hesitations to buy AC units.

Looking for some ideas!

@Willi W., honestly not sure. Not my concern, nor do I care who they send as long as the job is done. 

I tell them what I want done in a check list format, and what I want them to resupply and restock the units with. 4 rolls of tissue paper, 4 water bottles, etc. They send me photos. 

I haven't had a guest complain yet, and I also send my coordinator there periodically to check up on them.

Post: How to list short-term rental ad on multiple sites?

Andrew WongPosted
  • Investor
  • Milpitas, CA
  • Posts 278
  • Votes 155

Why do you need to pay a service and cut into your profits when you can just do it? It doesn't take that much time and it's a one time operation.