All Forum Posts by: Chou Yang

I've come across a vacation property I might want to purchase. the seller is willing to finance with 20% down. we plan on using the property 3-4 weeks out of the whole year. My question is to those who use Airbnb, how many days of the month is your home currently being rented out? Approximately how much expenses do you incur for cleaning/mowing? I've calculated that with seller financing I would have a piti payment of $1500 month. The home can be rented out for $250 night. If I can rent it out for 15 days out of the month, gross rent would be $3750. Anyone with experience please help. Thank you

thank you @Kim Meredith Hampton , information was really useful. One of our main policy is to not rent to friends and family but you know there's always that one friend or family member that promises never to be late for rent.

thank you @Kim Meredith Hampton , information was really useful. One of our main policy is to not rent to friends and family but you know there's always that one friend or family member that promises never to be late for rent.

I know you shouldn't rent to friends and families but has anyone had any success stories? I have a friend, has a good job/income and by qualifies with our standards. Just wondering if anyone had any positive experiences with it. Thanks.

instead of trying to sublease it, why don't you try and buy it? sounds like the owner might be motivated. He's out a of state, rents are below market and sounds like the property needed some repairs. Maybe you could lease option or sub2 the property.