All Forum Posts by: Anna Antipkina

Quote from @Luke Carl:

None of them are perfect. They’re like a husband. If you’re not unhappy just stick with it. 

 I wish this forum gave you option to send Emoji's because I just LOL on this one. Thanks for the laugh Luke!

Trying to get a handle on the whole VT STR rental registry regulation that's sweeping the state. Found this awesome website that should help investors keep up to date with any developments. I'm in Ludlow, VT and found there's a zoom call tonight to go over a bunch of items, to include an update on the rental registry pending regulation. https://vtstra.org/regs My property has an accessory dwelling unit with an established long term tenant which looks like will keep me safe from future push on my STR. Vermont residents are hyper focused on the lack of affordable housing for their residents. Something to watch super closely guys. 

Thank you @Dylan F. for asking this question. I'm buying my first STR right now, closing in mid-October and truly appreciate this post. Geico apparently covers STRs also. I'm comparing Proper, Geico, State Farm, and 1 local agency also. My home is 3,300 sq ft in Vermont so I'll follow up on this post for others.

Quote from @Joe Lengfellner:

Congrats on your closing, @Chris Wells! Good luck! Would love to connect sometime.

I appreciate the tips, @Kyle Kershner. I'm glad to hear that you and others have a practice of leaving properties on the market for a least a few days. Seems like a win for both buyers and sellers. I'll admit, I was starting to feel some pressure that I was going to have to buy sight unseen. I have started working with one buyer agent that has setup an automated search for me, good to hear I'm on the right path. 

Hi Joe. I know your pain. I've been watching the market daily around Okemo Resort for the past 8+ months and just now I'm under contract and only after seeing a slow down in the $600K+ price range. Got outbid a bunch of times before I extended my budget just to be able to get in. Found a great property in the end, luckily. If you're still interested in the area, let's definitely connect! 

Quote from @Emily Wissinger:

Hello,

I am interested in purchasing a short term rental in the Ludlow, VT market but am struggling to cash flow in my analysis. I am not sure if the market is saturated and Covid home prices have made returns difficult or if I am looking at this incorrectly. Has anyone purchased a home in the last year that successfully cash flowed and would be willing to discuss with me? 

Thank you,
Emily

Hi Emily! Ludlow is a special place and those who know about it and can get their hands on a property to STR are very lucky. There's barely any inventory for a reason. I just recently found one and am currently under contract on a 3bd/2bth w/ an ADU....been looking and watching the market weekly, if not daily for 8 months. Let's connect if you're still interested in the area. I'm closing mid October so will be in the area to set it up late October if you want to meet up. :-)

Quote from @Account Closed:

Greetings from Philly! My husband and I are looking to buy a vacation rental property near a ski resort in VT and banking on STRs in summers, falls, and winters (as well as taking the occasional family trip there ourselves). I've read that the Okemo/Ludlow area may be best for producing cash flow through STR. I would love to hear your other ideas if you have any. I prefer SFHs but would consider a condo if the HOA is managed well. Thank you!

Hi Siobhan. I am currently under contract for my first STR in Ludlow VT, 2 minute drive to Okemo Resort. I've personally been going there for years and love the area for all seasons. I'd love to connect with you if you're interested.

Quote from @Miguel Ojeda:

@Sean, what kind of problems have you seen with foreign LLC in local courts? Can you give an example, thanks!

Hi Miguel. I'm very curious on this topic as I was about to form a foreign LLC (based in NJ), registered in VT for a STR property in VT. Did you ever find out about the issue with Foreign LLCs?

Quote from @John Majoris:

Quote from @Anna Antipkina:

Hi @Anna Batchelor! I'm also Anna and also buying my first STR in Ludlow, VT, walking distance from Okemo Ski Resort. I've been going up there with my family since I was 9 and have fond memories of VT. Having a house in VT has been my dream and now I finally found one, working on closing at the end of September. I'm currently vetting management companies because I live in NJ and have a demanding day job. I need the passive experience right now. Can't afford to get fired, you know? :-p We should connect!

 With the right software packages, a Schlage Encode lock, and a good cleaner/handyman, the remote managing process is simple... 

 Hi John. I'm exploring software and seems like Guesty will be the easiest most comprehensive tool for me. I also stumbled upon Turnify for the cleaning team management. Do you have any experience or thoughts on Guesty and/or know of turnify?

Hi @Anna Batchelor! I'm also Anna and also buying my first STR in Ludlow, VT, walking distance from Okemo Ski Resort. I've been going up there with my family since I was 9 and have fond memories of VT. Having a house in VT has been my dream and now I finally found one, working on closing at the end of September. I'm currently vetting management companies because I live in NJ and have a demanding day job. I need the passive experience right now. Can't afford to get fired, you know? :-p We should connect!

Thank you all for your feedback. Yes we definitely had a hard time with this one because the tenant we're dealing with wouldn't sign the agreement unless we gave them the cash up front. This person is probably the biggest POS we've ever came across in our lives so a very difficult person to deal with. There's no reasoning with him and to make it even worse he's uneducated and thinks he's right and everyone around him is scum, to include the girlfriend he beats. Just real trash of a person. Yes, we are learning a HUGE lesson when it comes to tenant screening and hopefully in the future we'll be able to sniff out POS type people better.