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All Forum Posts by: Francisco Milan

Francisco Milan has started 38 posts and replied 83 times.

Post: How can I rent a studio to 2 people ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Francisco Milan:
Quote from @Nicole Heasley Beitenman:

Which podcast episodes are you referring to? 


 Let me find them will send them in am 

 @Nicole Heasley Beitenman

this one 

;t=1110s

Post: How can I rent a studio to 2 people ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Nicole Heasley Beitenman:

Which podcast episodes are you referring to? 


 Let me find them will send them in am 

Post: Sending Postcards / Letters

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24

Who do you guys use to send postcards?

Post: How can I rent a studio to 2 people ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24

Hello,

I have experience renting mid term rentals by the unit, but not yet but dividing living room or a studio. I have watched some bigger pocket podcasts where they rent they somehow divide the living room. What do you guys think about this ? Do the tenants in the bedrooms like this? 

Post: Critique my MTR listing

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Evan Kline:

What you have looks very nice.

Just a couple thoughts (obviously all my own opinion) - 

1. I wouldn't include the floor plan.

2. Label all the pictures with clear descriptions. 

3. Do the bedrooms have their own keypads? If not I would add that and include it in the description

4. The furnishing is nice, but sparse. It feels a little... clinical. Get some art, blankets, pillows, rugs, side tables, bookshelves (with books), etc. Here's an example of one of our listings: https://www.airbnb.com/rooms/7... 

5. If you're listing by room list amenities of the room, for instance: "Separately keypaded bedroom with King bed, 55" TV, blackout curtains, and sound machine"

6. If you don't have a TV, blackout curtains, and sound machine (or box fan) in the bedroom I would highly suggest adding those

7. Get some barstools for that kitchen bar

9. I would opt for a coffee pot over a Keurig for 30 day stays. 

10. put some wine in that wine rack

11. Get a spice rack for the kitchen counter - you can get a decent one on amazon for not that much

12. I would retake the pictures with the TV off. 

13. list the wifi speed for the house

14. "Cozy" "Comfortable" "Oasis" and "Safe" are good catch words for an MTR listing

15. Make it clear if you're pet friendly or not

16. Fake plants are your friend

17. If you can swing it having a desk space somewhere goes a long way

I'm sure I could come up with some more but happy to chat if you want to reach out. (We do MTR's in Winston Salem, NC)


 What he said on number 4

Quote from @James Carr:

Hi,

I have a business that reached out to rent our airbnb out for two months for one of their clients who need a place to stay while their house is being repaired. They agreed to our rates, which is fantastic!


But I am a bit new to this, they asked for a rental agreement and so far I have only done this with individual long-term rentals. Could definitely use some guidance, we are renting it out in the state of Missouri.

Thanks!
James


 Hey James,

I always do the following, make sure the agent that contacted you is an agent that works at an actual insurance company. Id call the guy managing him, second I would sign up to https://www.mysmartmove.com and create and account this will give you option to send your tenants a link to run their credit to see what type of individuals will be staying at your house (Make sure to send a link to everyone individually) third id ask for deposit, set expecations and good luck you should be fine my smartmove will tell you what type of tenants they are. 

Post: House Hacking using Mid term rentals

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Matt Szablowski:

Hi I’m a new investor that is a new Phoenix resident since January. I’m a travel nurse and would like to house hack my first investment property. Im looking for a 3-4 bed 2 bath home by furnishing and renting out each individual room. I’m seeking advice on what locations would be best to house hack and also would like to know what other investors experience has been like house hacking in the Phoenix area.

My price point is 400k or less and must include a pool. I'm open to a condo or townhome but I think a house would be best to avoid any hassle from HOA. I'm looking to be close to the middle of Phoenix so I'm close to as many near hospitals as possible. Based on what I'm looking for I think North Glendale and parts of North Phoenix are best suited for me. My plan is to hold the property and make cosmetic improvements so I could 1031 exchange it in the future. I would love to hear from anyone that's currently investing in those areas. What neighborhoods would you recommend and what areas to stay away from. Thank you in advance for any advice, I really appreciate it.


 Hello Matt

I focus a lot on mid term rentals I actually finished one at this moment which I added a bedroom and bath. I keep my price range around same price except I focus on central area a bit more. Things you may want to look out for is property being 5 miles away from at least 2 hospitals if possible and make sure numbers work always use mid term rental comparables and be conservative to have cushion for accidents etc. Dont forget to drive the area and get a feel for it, that will be your best bet, as some areas up north may be patchy depending on the streets where you want to buy your intestment. Let me know if you want to connect to check out my property I will be there tomorrow getting some appliances delivered to start getting it ready here in the next 2 weeks. 

Post: What are the most affordable postcards ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Jerryll Noorden:

If you post the prices, I could help better... But honestly, I wouldn't do postcards, DMM cold calling or texting.

That stuff has a horrible conversion rate especially because you can't target motivated sellers through any list.

I would research Facebook ads and Youtube ads, SEO.


 Thank you I appreciate your response, but this would be for a very targeted area. 

Quote from @Bob Okenwa:

@Francisco Milan

I'm not sure how you're marketing it, but you shouldn't have trouble renting in Surprise. It's a nice, quiet family area where if you're priced correctly and the home is in good shape, it should rent somewhat quickly this time of year.

Your ad should be clear and concise as to what is required so you can eliminate as many tire kickers as possible. 

Realtor.com, Trulia (should feed from Zillow), Hotpads, Homes.com, Rent.com, Apartments.com are some other popular sites as well.


 Well I do get applicants but most are from California. I am not sure how I feel about that. For apartments and rent.com is there a fee?

Thanks for your reply I really appreciate it, will let you know.