All Forum Posts by: Cody Cook

Kimberly G. Wow. Thanks for the detailed reply. Sounds like a pretty terrible experience. So you’ve been able to use CL (Craigslist?) successfully for renting out your furnished unit? What monthly rate/type of market are you targeting? I’m looking to get $3000/Mo in Austin, TX and am skeptical of these potential tenants using CL. Just curious about your market.

@Jason Carter Any new meetups or updates to the listed meetings in this thread? Thanks for the info

Anyone else have recent experiences with CHBO? I'm considering this with one of my properties. Thanks!

@Orlando Guzman Good feedback, thanks.

@Orlando Guzman Great info, thanks. Do you see the biggest opportunity in short term rental or long term rental?

@Orlando Guzman Thanks for the response. My Mom actually moved down there recently and is trying to determine what the top brokers are that she should interview with. Would you have any advice? Her experience is mostly in luxury real estate.

Additionally, I am curious about the rental market here and wonder what opportunities there may be. My step-Dad is retired but could manage a rental property for me if we could find a deal.

Any suggestions for brokers in the Mississippi Gulf Coast area?

@Mark Simpson Thanks for the feedback Mark. I like the sound of your hotel rental and agree with your approach that the less flashy will probably be best return.

I've actually never been to Telluride. I'll have to check it out some time.

I'm very interested in this discussion. My wife and I have similar aspirations as @David Lemley. 

Does anyone have feedback on mountains/market areas perform better or worse from an ROI standpoint? Just wondering about rental rates vs. property prices, vacancy rates, etc...

I agree with @Tim Emery about Frasier Valley. We love to ski in Winterpark, but the infrastructure is really lacking compared to other markets. This screams opportunity to me.

@Prasanna C. I think generally speaking you'll see more appreciation on an existing house vs. condo because of land value.

I think HOAs can be rip offs, but not all HOAs are the same. I own two condos in Austin that have $210/month HOAs that I think are very reasonable considering what they cover including:

1) I only own studs in so HOA covers exterior paint, roof, etc... (my home owners insurance cost are much lower because of this)

2) Landscaping/yard maintenance

3) Pool

4) Gated Community

However, there are always risks of special assessments and HOAs going up. I think you have to look at it on a case by case basis. In my case, the condos are less maintenance from a property management stand point so I ultimately see it as a benefit. However, you are typically sacrificing appreciation and alternative investment options when buying a condo vs. a house on land you own (i.e. with a house you could build an ADU, or tear down the property at some point in the future, etc...)