All Forum Posts by: Dolev Zaharony

Hello,

I have a rental townhouse in a complex that has a monthly HOA (~$2K yearly). That complex is located within a larger neighborhood that has another HOA. The larger HOA is asking for a yearly fee of ~$300. Do I have to pay that as well? When I asked them what I was paying for, they said common areas, but I pay monthly to the complex's HOA, and that covers the common areas as well.

Location- North Raleigh, NC.

Thanks!

Thanks!

Hi,

I run a short-to-mid-term rental business. I had a couple in one of our properties with dogs for a couple of months. When they left, we discovered that the dogs peed all over the house. We had to replace all of the carpets with wood, costing us over $5K. That is, of course, beyond the security deposit that we have used. They have not responded to my communications since they left. Would you take this to a small claims court to try and retrieve some or all of the funds? The property is in Wake County, NC, and the court will be in Vance County.

Thanks!

MTR is typically focused on traveling nurses, project workers, relocation, and working nomads. If you know there is a market for these types of personas in that area, you can move forward. If you buy a property close to a hospital, for example, you have a much better chance of getting traffic from a furnished finder than if you are on the other side of town (or more than 15 minutes away from the hospital). If you find a place that is close to the hospital and also to a major business area, then you can potentially benefit from both medical staff and corporate housing. There are all kinds of strategies around that, but you have to learn the area first to know where to buy and what will be the strategy of the property.

The easiest way is if you already have an STR in that market. That way, you can see how many mid-term bookings you get to help you determine your thesis.

We do not ask for renters insurance, but we do ask for a security deposit. I will say that in the 3 years of doing MTR/STR, I have not had a lot of issues. Nothing major -mostly replacing chairs, mattresses, towels etc. Nothing that was too much of a value,

Regarding Airbnb, my experience with their coverage was pretty good up until now. In all cases, they sided with me (make sure that either you or your cleaners take as many pictures of the damaged/broken piece), but the higher the price tag, the more rounds you will have to go with them, and they might not pay you back the entire amount.

 Relocation specialists- short to mid-term rentals. 

nctriangleconnection.com

Thanks everyone for your input!

Thanks Sarah! I actually have an LLC for my business, but do you think I should get another one for managing this one? I dod not have a property manager license.

Hello,

I have several Airbnb that I own and manage myself in the Raleigh, NC area. 

I was approached by a person who owns a great place for an Airbnb- a large cabin with a pool and pond on a 3-acre land with tons of potential. He is looking to move out of the place, turn it into an Airbnb and have me manage the whole thing. How much do you typically take for that out of the profit? The location is in Raleigh.

Thanks!

Hello,

We have 4 properties currently and use both ATT and Spectrum for the internet. The problem is that each time I add a new unit, I need to open a new account with either company. So then I have to go into each account with 4 different users and passwords every month to download the statement. I know I can do that at the end of the year as well, but rather keep track of everything as we go. I asked them if there is an option to consolidate my accounts into 1 place, and they said that it's not an option (pretty ridiculous in 2022), Trying to see if there is a solution to that or if other vendors do that (Google?)

Thanks!