All Forum Posts by: Eli Kantor

Quote from @Eryn Garcia:

Hi all 🙂

Furnishing my first MTR and would love to know what your guests love and comment about your home that I should look to include. Any amenities? We are doing individual room rentals it’s a 6,000 sq ft nine bedroom home 

Things I have heard to include besides basic items are air fryer insta pot tea kettle vacuum sound machine black out curtains and full length mirror 

We do plan to add a sauna, exercise equipment and possibly a hot tub. Thank you all for your help and suggestions 

From my experience managing STRs, I would also say that it's important to provide basic instructions for different things around the house (or in the bedrooms). Some guests are just not tech-savvy, so basic instructions for utilities/amenities that are difficult to navigate is a touch that is appreciated.

Quote from @Carlos Ptriawan:

Quote from @Eli Kantor:

Where rates will go next is unpredictable. There's lots of uncertainty at the moment. Even though inflation is at a healthier level for Powell, he has a tendency of overpromising rate cuts and underperforming on their delivery. I like @Scott Trench's take. Be logical, don't expect the best, and thus allow yourself to be pleasantly surprised if/when rates come down.

 LOL what do you mean rate is unpredictable ? Some of you guys think the rate is a random act of weather ? LOL 

10Y is at 3.75 right now after Powell's speech. Almost everyone who knows finance knows that Powell would dictate the rate and the discussion today is whether it's 50 or 25bps for the first cut in September.

The rate depends on the data, job growth and inflation, which is weaker in both prompts. Hence they already tell to reduce the rate possibly in September.

This forum has been active for 8 months. Look at the range of responses and what’s actually happened. That’s what I mean by unpredictable. I do however completely agree with you that we’ll likely see a cut next month and that there are standard metrics and pieces of data that help us determine where the rate will go. Regardless, you bring up some great points and I appreciate the insight!

Where rates will go next is unpredictable. There's lots of uncertainty at the moment. Even though inflation is at a healthier level for Powell, he has a tendency of overpromising rate cuts and underperforming on their delivery. I like @Scott Trench's take. Be logical, don't expect the best, and thus allow yourself to be pleasantly surprised if/when rates come down.

Quote from @Chris Seveney:

@Eli Kantor

It’s going to be a market by market issue. Most Major cities will still fill office space in the future as more people get back to work as you realize while some people may be more productive remotely working in groups and mentoring people has a lot more progress in person

If you bought office in 2018-2020 then I really feel bad for you though as there is a pricing reset for those building owners

Absolutely. I think another element, especially in major cities, will be an attempt to lure tenants through better amenities, competitive rents, and employee-incentives. Will be really interesting to see where this all goes!

In today's market, many office landlords would much rather walk away from their properties and take a loss than fight to attract tenants and avoid foreclosure. For these owners, the future of office space looks so grim that the best option is to simply give up. What do you think lies ahead for these buildings and their owners?

A few things about an assumable mortgage; As you know, in a high interest rate environment, assuming a loan at a lower rate is great for saving on your monthly payments. However, keep in mind that the difference between the sale price and the loan amount must be brought to the table by you. Thus, if you want to avoid a substantial down payment, a loan assumption will only work when assuming loans from sellers with a high LTV. Also, most loan assumptions are available only for government-insured/guaranteed loans (FHA, VA, etc.), so keep that in mind when shopping around.

I second everything that's been shared so far. Having a buyer's agent by your side that is both knowledgable and reliable is invaluable. Keep in mind that a listing agent prioritizes the best interest of their client, the seller. When it comes to questions that require a subjective answer, the listing agent may not be a reliable source for you. On the other hand, your buyer's agent is 100% on your side, and as your fiduciary, owes you loyalty and honesty. Along with this, a great buyer's agent knows the market and knows how to write an offer. There are a lot of moving pieces to the sale of a property, and having an accessible resource to guide you along the way is crucial. That being said, clearly you got paired with an incompetent agent, but I'm sure there is no shortage of other options in your market. Best of luck!