All Forum Posts by: Doug Webb

Would love to know if anyone here knows of a Joshua Tree-area real estate agent? We are currently looking at properties, and would love to connect with an agent who is very familiar with the STR market.

How strange - literally on their front page they have a testimonial from someone saying they can manager their property seamlessly while in Tanzania.

Thank you, that makes perfect sense.  It certainly is a nuisance.  I will work with this logic!! 

Hi Greg, I do have a clause that they can't smoke in the unit.  They are not smoking "in" the unit.  They are smoking outside where it is perfectly legal.

Ok so I have a duplex with a top unit short-term rental, and a bottom unit long-term rental.  We are in Seattle, and the bottom unit tenants will frequently sit out on their deck below and smoke marijuana (perfectly legal!), which wafts up to the deck and back rooms of the short-term rental above.  I've been told bluntly that our reviews for the short-term rental are not going to be great from the smell.

Any thoughts on how to reason with the tenants below, given what they are doing is perfectly legal?!

I am just about to close on a duplex, and we will be living in one unit and the other unit will be a short term rental.  Will keep you posted!

@Lauren Speidel

Thank you. I think the installment sale is something we'll need to look into.

Hello, my fiance and I are looking to potentially purchase the home we are living in, which we are currently renting.  When we sent an email to the homeowners to ask about this, we received a response in which they told us that they are interested.  However, they also said they are reluctant given they capital gains that would come with such a sale.  

I'd be curious to know if anyone has suggestions about how to work with them on this?  Hopefully they know about doing a 1031 exchange.  And of course I'll mention that a lower sale price means lower capital gains, haha.  Maybe there's a way to structure the sale in installments so that the tax burden doesn't occur all at one?  Thanks for any insight you may have.

Was looking primarily to do buy and hold rentals.