All Forum Posts by: Angelo Argentieri

This is a great point as I know several folks who have recently purchase properties. I know their current pay, lifestyle, job stability, etc., and am nervous for them. The reason why is the job stability factor with the current and short-term economic instability. Will their interest rates spike due to an ARM, no. Will they lose employment and have what is left of savings eroded by inflation, yes. Will they not be able to afford their monthly debts, sadly most likely.

Will a few cards fall? They already have and will continue to. However, to call this a house of cards, is where I believe many will be too cautious during an opportunisitc time and they will regret it. 

 Wishing you the best of luck!

I prefer a local property management company over a national property manager. The response rate when it comes to customer service (for both you and the tenant) has been much stronger. Inquire with 4-5 local property management companies and after a few interactions, you will connect with 1 or 2. I try to build a relationship with them ASAP. Is there anything of value your can provide them? I find in any contractor/servicer engagement, adding value to the relationship goes a long way! Best of luck to you @Katie McKay.

Hi @Eliza Sparks - I agree with your thought process of posting on both. I do post my properties on both. AirBnB has been the best of the two for shorter stays (2-4 days), with VRBO being great for lengthier stays (2+ weeks). In July of this year, I ran a proforma which included all the income and expenses (AirBnB/VRBO service fees, cleaning, hygiene supplies, etc.) and concluded that a 2-3 months stay would be ideal for my desired returns. I listed one property on Furnished Finder for an annual flat fee and received requests from families and traveling nurses. A family of 3 moved into one of my properties in August and are there through December. The amount they paid was more than I expected to receive. Without the AirBnB/VRBO fees and cleaning and supplies expenses, my total month-end return was comparable to listing it on AirBnB or VRBO. This route relieved the desire to check on my assistant to ensure the properties were all taken care of with multiple move-in and move-outs per week. I was able to put them on a lease I put together and feel more protected by it. There are some negative stories of AirBnB not siding with the property owner when trouble arises. I have since moved my other properties to the same model. I wanted to give you another avenue to think about, especially for the slow season!