All Forum Posts by: Derick Bonsu

No background checks. There are other ways to manage your guests. Don't allow last minute bookings, no locals, minimum 2 night stay (or longer), must have prior good reviews, must input ID before sign-up, pay in advance....

If you cover all these bases the odds of a really bad guy slipping through is minimized greatly.....

I practice all the above except the no locals one.
I'm thinking about that.

This unit is not mine. It's an arbitrage apartment so I have little say on screening. (Let that be a lesson boys and girls).

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Quote from @Paul Sandhu:

Pass a 9 panel drug screen.

Hmm. Avatar checks out.

I read some of your posts. You definitely cater to some interesting guests. One day I'll buy you some virtual beer in exchange for more stories.

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Quote from @Michael Baum:

I don't screen like that at all. My average stay is about 7 days and I vet each guest by chatting with them and finding out what they are about.

Frankly I have never felt the need to do a thorough background check.

Good to know.

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What are you using for short-term rental screening these days, if any?

I've been using a company called SingleKey for a while now.

Pros:

-Simple Web App

- Option to pay or let guest pay (I pay, but it's nice to have the option)

- Guest gets the email to complete so I don't have to deal with any personal information.

Cons:

- I don't necessarily need a credit check. Airbnb/VRBO is handling payment.

- At $30 a pop, while it's not the most expensive thing, I feel like it could be cheaper since I only want criminal/sex offender status.

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Quote from @Nathan Gesner:

Quote from @Derick Bonsu:

I have a townhome in NJ. It was purchased as a primary residence but has not been used that way for over 8yrs now. It has been a rental for the last 8yrs. Is my understanding that 1031 can only be done on a property that was purchased as an investment accurate?

You're using it as a rental, so you can sell it as an investment and 1031 Exchange the funds into another investment property.

Thanks Nate.

I probably should've done more googling before asking but am glad you can confirm.

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Yup. I was wrong. Thanks, Google.

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Hey BP,

Objective: Find 3/2 in St Augustine, 5-10 minutes from historic downtown, up to 350k, no rehab.

Just lost out on another offer last week. I would love to connect with any investors making deals in St Augustine.

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When did you purchase this? I've been looking at St Augustine for months and still coming up short. Recently lost a bid last week. My budget is up to $350-400K but would give my left arm for 200 range.

Anyway, would love to connect with you and any other investors in this market and Jax for that matter.

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All Forum Posts by: Derick Bonsu

Derick Bonsu has started 6 posts and replied 91 times.

Post: Camera recommendations needed for STR

Post: Short Term Rental Screening

Post: Short Term Rental Screening

Post: Short Term Rental Screening

Post: Short Term Rental Screening

Post: Can I actually do 1031?

Post: Can I actually do 1031?

Post: Can I actually do 1031?

Post: Coming up short in St Augustine

Post: Vacation Rental in St Augustine FL