All Forum Posts by: Deirdre Callan

I have 7 LTR’s and where I am, less than 6 months is considered short term, and hotel taxes must be paid.  Over 7 months are “annual” rentals.  
There is a difference between STR and transient rentals. Many municipalities allow STR's of 30 days or more, but not nightly or weekly, which are transient.

I have been getting tons of “arbitrage” offers on my newly renovated units.  They all come across as scams, to me.  

Do the arbitrage companies take on all liability risk?  Will my insurance company cover me if your tenant burns down my house, or substantially damages it?  What happens if a guest/tenant falls and injures themselves?  

My properties have been renovated to be used as LTR’s, and do not have custom landscaping.  They are ordinary on the outside, would the arbitrage company require me to install high end landscaping? 

Some of my neighbors homes are not very attractive, and look dumpy.  It is an excellent neighborhood, where a 2/1 1000 sq ft cottage sells for almost $300k, but the houses are approx 100 yrs old.  Would that be a issue with an arbitrage company?  

What risks would I, as the homeowner, be taking by signing with an arbitrage company?  

I would consider working with an arbitrage company, if they can prove they are trustworthy, and I can make a profit. 

Thanks 

Deirdre 

Yep.  My friend had him down to a T.  I had to install an alarm so he can’t get away with breaking in at night.  Monday should bring some more news.  Lawyer says I shouldn’t speak to anyone, including my realtor.  What a cluster!! 

we are not closing, and now he is going to sue.  Not such a great thing for me anymore.  This man has foreclosures and a record of breaking into unoccupied homes.  He wanted to close today on a cash deal, but not pay me until Monday.  I refused, so now he is suing.

He is not able to close on the 30th like as per the contract.  He is scamming the lender to get a bigger loan than the purchase price.  He wouldn’t answer his phone for 10 days when my agent was trying to contact him.  One of his workers was trying to intimidate me by saying my house had “violations”, and they were fixing them for me.  The buyer has several foreclosures and a burglary of an unoccupied building conviction.  Apparently, this is a habit for him!!

The buyer if my duplex had asked torepair the overhang on the roof, and fix the outside staircase so the bank would approve his loan.  I went to the property yesterday, and no less than 10 men were working on the inside and outside of the house.  They repainted my entire house!!  They also put in new flooring!!  I have been at risk of someone injuring themselves and suing.  I am thinking about canceling the contract.  Can I do that?