All Forum Posts by: Daniel Chun

My calendar is rapidly emptying, I'm thinking of putting long-term rentals in all my properties. I feel really bad for the service workers, my housekeepers, massage therapists, etc. who are taking a huge hit thanks to Gov. Ige's message: don't come to Hawaii. I want to punch him in the face!

Sucks, our friends had to cancel their wedding and we cancelled our plans as a response to that message.

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Originally posted by @Mark Futalan:

We just use the saved templates on Airbnb and save it to guests the day of check in. We use the Schlage smart locks with Wink 2 hub. It’s worked out fine but what we end up doing is giving guests 2 codes...one that we know works and one that we recently inputted. That way if one fails or there is WiFi issues. there is always a back up. We will delete and change them around every so often.

Do both codes go to the Schlage lock? What does the wink 2 hub do for this setup?

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Can rental income help qualify for a loan if you have had the property for less than two-years?

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To hedge against this I would get a router/firewall that would allow you to limit bandwidth usage and protocols that can be used. For the guest wifi you could just restrict it to port 80/443 to allow web traffic, I don't think guests would need much else guess it depends on why they are staying.

Depending on the Router you may be able to send all traffic through to the VPN but it may not help much in this scenario.

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@Bruce Park what’s your goal? To protect your information? Visitors? Etc?

There are quite a few options depending on what you are looking for

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Originally posted by @Thomas Rutkowski:

What you need to worry about is whether or not your policy is properly designed to maximize the cash value. The cash value to premium ratio based on the first year premium should be about 85%. And never pay a lump sum premium in the first year, you're shooting yourself in the foot.

Why do you say not to pay a lump sum premium the first year? What is the best strategy for funding the policy?

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Originally posted by @Ashish Acharya:

Originally posted by @Samantha Kincaid:

Our W2 income is 150k+, will passive losses carry forward for future use when W2 income is lower?

You. Not only when it is lower. Also when you might have other/ additional passive income or when you dispose the property.

If you are a real estate professional, there is no limitation.

What if you are a married couple and one has a W2 job and one is a real estate professional. How do they define real estate professional? Do they need to be an agent? Investing? etc?

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Can someone provide guidance on how to structure a Subject-to deal?

Looks like the seller put zero down (VA) when they bought the property. There is probably a little appreciation but not much.

If the deal is accepted, how does the deal work out?

Do they continue to receive the bill?

Does the mortgage get transferred in my name or it just the deed?

Does it still go through the same escrow process?

Any other nuances that should be aware of?

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@Dave Foster Can you expand on this part?

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All Forum Posts by: Daniel Chun

Daniel Chun has started 2 posts and replied 30 times.

Post: Property Management companies in Gatlinburg/Pigeon Forge area

Post: Coronavirus STR Data

Post: Auto message to guest: code to check in on wifi keypad

Post: AirBnB STR REFINANCING OPTIONS?

Post: What is the best VPN provider for Airbnb host?

Post: What is the best VPN provider for Airbnb host?

Post: Using whole life dividend paying life insurance arbitrage

Post: W2 income is 150k+, will passive losses carry forward?

Post: How to Structure Subject-to Deal

Post: Whether to sell, re-rent, or do Airbnb with a rental house