All Forum Posts by: Bryce Cutler

Dakota, I own a cottage in Lake Placid and it is a beautiful place. When researching what to own make sure you also research the short term rental laws that are new this year in the village. The local leadership is trying to eliminate the ability or at least greatly reduce how many nights you can rent in the village. You might want to learn where their boundaries are and try to buy just outside of that area. I also own a condo in another vacation location and they are good rentals too, you just need to make sure the numbers work for you. Best of luck on your search. Bryce

Hey @Jamie Brayton I have signed up. @Matt Whitermore hope to see you there. Bryce

We are adding a vacation rental in the Orlando area and looking for a loan officer that understands STR financing. Any suggestions?

@John Lyszczyk I used Cozy and it was ok, but you get what you pay for. I switched to RentRedi at the beginning of the year and have no regrets. It is user friendly for me and the tenants have provided positive feedback as well.

Agree that some clarification is still needed. 

@David Hulit

All details you have provided are accurate. The only one I haven't received clarifications yet as an owner of STR's is if that business qualifies.

Here are details for the PPP via the US Chambers.

https://www.renscochamber.com/sites/default/files/PaycheckProtectionProgramChecklist.pdf

@Mike H. There are 3 separate loan options. The disaster relief fund which is out there and available to apply for now. The Cares program and bridge program are programs that they have told us are coming but haven’t finalized process and how to apply yet. It will go through the SBA but process is still pending. Might have full details tomorrow or Tuesday.

@Di Ye check out RentRedi. I use the platform and it gives tenants the option to pay via direct withdrawal or credit card and you can choose whether they pay the fees or you pay the fees.

Same to you, stay safe and healthy.  

Form 5 is the correct form for the disaster relief fund.