All Forum Posts by: David Gorman

We have a mixed use property in Los Angeles with a AirBnB rental on the second floor. I am looking for insurance for the building that also will cover the AirBnB. Any suggestions? Thank you, David

I have a Lake Home on Lake Mahopac NY and want to market it as a year long, furnished rental to folks in NYC or elsewhere who want to experience Lake Life. I also want to attract people who might be considering renting in other areas such as the Hamptons or Jersey Shore. What marketing techniques would you suggest to reach these people? Thank you, David

We have a home in Florida but are thinking of renting for the winter season and traveling instead this year. If we will be renting for 6 months and a day or more how does that affect our Homestead status? Thank you.

Thank you for your comments.

Bruce Levinson, Esq. Katonah, NY

I found a single family house in an adult community in Florida that would seem to cash flow well. Any reason not to purchase in such a community. (I am of the age to qualify.)

I am considering my first flip partnering with a contractor I have had a good experience with and who is experienced with flipping houses. I found the property we are considering. Does anyone have a template for or document they would be willing to share regarding how to contract our relationship and responsibilities? Thank you. David Gorman

I tried to use the Property Analyzer but it would not accept my entry for purchase price or rent. What am I doing wrong?

Does anyone know if a Lease Option contract would trigger a sale and tax payment for a property held as a 1031 exchange property? Thank you. David Gorman

I have been listening to BG podcasts religiously but am new to the forum. I have a question and would love input from others. We have a mixed use building in Los Angeles with a residential apartment. A couple of young ladies have been renting for 3 years and they are ideal tenants (they always pay on time, keep the apartment neat and clean, very reasonable with all requests etc.). However, due to economic hardship, one of the ladies has to leave. The other would love to continue to stay. She works as a photographer and is away from LA for shoots occasionally. She asked if we would be willing to let her AirBnB the apartment while she is away so she could afford to remain our tenant. Would you allow this? If so, how should the lease be modified to protect us, the landlord?

Thank you for your response.

David