All Forum Posts by: Catherine Javier

Hello everyone! I want to ask your opinion on Mid Term Rental.

For landlords & owners who have SFH & Condo, which one is renting more frequently?

We have an MTR in Orlando FL, it is a condo and in a good location, however HOA fee is getting almost all of the cashflow. It is 2/2 and vacancy is minimal.

We are planning to buy a primary home for lower downpayment and would want to buy an SFH so we could avoid HOA. Of course we plan to buy in a good location, but we are a little nervous that if we buy SFH we have more vacancy or rent less because it will not have the same amenities like a condo has…

Thank you for your insight, we are new to this, started MTR last Sept 2022.

Hello everyone, I would like to ask how do you do tenant screening for Midterm Rental? 
Do you only get the contract? Or do you use the Keycheck (Furnish Finder) And let the tenant pay for the screening? Thank you for all your help

That would be helpful! Thanks 

Hello everyone!

i am looking for recommendations for a property manager who caters for midterm rentals 1-3 months in Orlando FL.

thanks in advance!

Hi! I myself is a Travel RN and I am looking into this as well. Any luck getting info? 
What I am after right now is a property manager for a midterm rental.

All I can say is there is a demand in Orlando. I used to work at Advent Health and we have a lot of travel nurses.

Hello @Stephanie P. I was trying to tag you but I cant find you. Of course! 

Thank you so much @Greg Scott!

So did you just make an addendum to your current LLC's Operating agreement (which was for the STR)?

This is very very helpful thanks a lot!

 Hi! My spouse and I are travel RNs and it was difficult to get a conventional, used US Mortgage. Tom Potter of US Commercial has been very helpful and responds to email immediately. We closed last march 2022, 30yr fixed. Hope this helps. Good luck!

Good day guys, newbie here.

My spouse and I are travel nurses. We have a condo 2/2 under our own name bought 2021. We also just bought a townhome 3/2 under partnership LLC (3/2022)- cashflowing and managed by a property manager. Both of these are in FL.

We are  in WA right now and in the process of purchasing a house (second home loan) for us to live in while working here (relatives are here). we want to rehab the house and rent other part that we’ll make a studio to travel RNs as well.

Here are our questions:

1. We want to house hack our condo to travel RNs in FL (rent 1 of the rooms as midterm rental) to help in mortgage payment. We want to know if we can operate this under LLC?
2. if so can we just add this to our existing LLC?

3. Thinking to add an umbrella policy- is this tax deductible?

(I know if we do this we are not fully protected. But we are thinking since we need to furnish the other room, we can do tax deductions on items we need to buy to be able to start renting to Travel RN. Also, we want to open a business credit card which would allow us to purchase under business instead using our own Credit cards).

4. If this is not a good idea, kindly share your thoughts and pls give us your suggestions.

5. The second home in WA is our names, we want to do the same. Rent other part of the house. Can we also put this is an LLC to operate it as midterm rental? (Purpose is same as above. )

Thank you for all your help! Very much appreciated!