All Forum Posts by: C.N. S.

I am clearly the exception to the rule. I personally offer my guests free access to Netflix, Hulu and Disney+. There is no need for them to log into their own accounts. I got the idea when I traveled overseas and my hosts offered free Netflix. I didn't have a Netflix account of my own at the time, and it helped me enjoy my time in their space even more. I got annoyed last year when my host forced me to login under my own username. The cost is minimal and I am smoking the closest competitors in my market. It's the one hill I'm willing to die on. I find it cheap when hosts can't even offer their guests free access to streaming platforms that cost less than $20 a month. Sorry, not sorry.

 Thank you, Jonathan! I will absolutely have her do so. Much respect and appreciation.

 Thank you SO MUCH Jonathan! 

For some background...I am currently a renter in the City of Chicago and am new to real estate investing. I can't yet afford to buy anything for myself in the city, let alone a multi-family, so I ended up buying my very first property out of state.

My high-rise building is located in an "A" neighborhood and was recently sold to a new owner. They plan to bring in their own team, which means the current property manager will be out of a job once the deal officially closes. I love love LOVE the property manager!!!! She has been with the building for the 13 years that I've lived there and has well over 15 years of commercial property management experience. The tenants love her, she stays on top of maintenance, has implemented upgrades to improve the property and drive rent increases (much to my dismay, LOL), organizes fun themed events with catered food for tenants, manages evictions and oversees the building's Section 8 program. Even better, she is bilingual and speaks fluent Spanish. I couldn't recommend her any more highly and am dismayed that they will be letting her go. If I owned a commercial building in Chicago, I would poach her in a heartbeat.

If you own or have limited partnership in a commercial building that is located in Chicago and in need of a property manager, please reach out to me directly. I am happy to connect the two of you. She would be an incredible asset to your team.

Thank you, Sarita!!! That's so incredibly helpful. I almost never post anything on BiggerPockets, so I appreciate you steering me in the right direction. Will do!

For some background...I am currently a renter in the City of Chicago and am new to real estate investing. I can't yet afford to buy anything for myself in the city, let alone a multi-family, so I ended up buying my very first property out of state.

My high-rise building is located in an "A" neighborhood and was recently sold to a new owner. They plan to bring in their own team, which means the current property manager will be out of a job once the deal officially closes. I love love LOVE the property manager!!!! She has been with the building for the 13 years that I've lived there and has well over 15 years of commercial property management experience. The tenants love her, she stays on top of maintenance, has implemented upgrades to improve the property and drive rent increases (much to my dismay, LOL), organizes fun themed events with catered food for tenants, manages evictions and oversees the building's Section 8 program. Even better, she is bilingual and speaks fluent Spanish. I couldn't recommend her any more highly and am dismayed that they will be letting her go. If I owned a commercial building in Chicago, I would poach her in a heartbeat.

If you own or have limited partnership in a commercial building that is located in Chicago and in need of a property manager, please reach out to me directly. I am happy to connect the two of you. She would be an incredible asset to your team.

Thank you, Randy! I truly appreciate you taking the time to read my question and provide a thoughtful response. That is VERY helpful!

I am a newbie investor who just launched my very first investment property as an STR late last fall. I spent so much money trying to bring that place together that I am literally tens of thousands of dollars in high interest credit card debt. My market is seasonal and I was begging for enough revenue just to cover my mortgage so I wouldn't have to pay my own rent AND a mortgage. Now that the weather is getting warmer, my occupancy has improved and I am FINALLY starting to generate decent revenue that can even help pay some of my business debt.

Enter...medium-term rentals. I listed my property on Furnished Finder last year but didn't get any bites. About two weeks ago, someone finally reached out and expressed interest. I think I was so excited about finally securing a medium-term rental that I moved forward with drafting and sending a lease for them to review and sign. As soon as I did that, however, it dawned on me that I will be taking my property off the market during the highest earning months for my region. My expected revenue next month from confirmed STR bookings is literally DOUBLE what I will earn from my medium-term rent. If I am 50-75% occupied for the rest of the summer, I still make almost-to-more than double the medium-term rent. To make things even more complicated, I could possibly have roof issues, which means more $$ spent that I won't earn. The fact is, I need the extra income STR rentals bring in and don't want to leave any money on the table. Who's to say that occupancy next year will be the same or even increase?

The lease has not yet been signed by either party. Is it at all possible for me to "retract" the listing and inform the guest that the space will not be available during the summer as expected? What should I tell them? Clearly I don't want to give any impression that it's due to discrimination of any kind.

Thank you in advance for any advice!

That did it. Thank you so much!!