All Forum Posts by: Chris McHaney

We have been using Tenant Cloud for our rental management of 17 units. Sounds very similar to Cozy. Not sure all of the features of Cozy, but TC also lets you keep track of maintenance request, even allowing the tenants to send requests that way. $9 total flat fee per month until you reach a larger number of units. So far so good. Glad to know they have a competitor, and will also check out Buildium like @Audrey Ezeh mentioned earlier in the thread. 

Thanks for the invite Elizabeth! I actually saw that on the MIG site and have put it on my calendar. Whenever schedule permits I plan on making it!

@Andy O'Neal you are correct from my knowledge. Proper Insurance wrote the policy for our property that we are doing an Airbnb at. The numbers you received a quote for sound right, and yes, they do cover similar risk that a homeowner or rental dwelling policy covers. My concern I guess for you in this situation is if the landlord does not have the commercial coverage you mentioned in place and something happened, where does it leave you? All I can say is it's unchartered territory I'm thinking!  Fun, fun!

My wife and I are currently on both sides of this situation in a way. We have a number of rental properties here in Memphis, TN and have recently purchased one for Airbnb use. It has been a lot of work on the communication end and coordinating cleaning, etc. However, we've really enjoyed the interaction. 

So here's my question, because I have heard of this concept, is that, as an owner of an investment property you are typically not covered on insurance if the place is used as a STR. We had to go with a specialized company that writes policies for STRs specifically. I guess you could not mention this to the prospective landlord that they might not be covered under their current rental dwelling policy. Airbnb has certainly muddled up the industry. We've really loved it and plan to convert more of our long term rentals over to Airbnb where it makes sense. Good luck with it!

Hi everyone,

My wife and I have been investing in rental property here in Memphis, TN over the last 15 years. We are native Memphians, and love our gritty, cultured, hard working town. Most of our rentals are duplexes. A friend turned me on to BP and I have been listening to many of the podcast. Great info for sure, and even though we have our systems that work pretty well, it is always refreshing to learn new aspects of other people's experiences. You can teach an old dog new tricks. Looking forward to being on BP and contributing. Cheers!