All Forum Posts by: Eliu Rosario

 Hi Nicole, 

There is an entire home 2br max of 4 listed on airbnb for 6k per month.

1 br home max of 3 listed for $2,400 per month. 

1 br home max of 2 listed for $2,775 per month. 

on Zillow, one 3br 2.5 bath listed for 3k unfurnished and no utilities.

Currently, I Have 2 potential MTR clients looking to rent the place for 6 months to a year.  One client is asking to rent for 3k a month and another for 3.5k per month, possibly a one-year lease.

I have asked to have them fill out the Zillow application for verification of income and background check, but they have not filled out the application yet.

I am also giving the client who is willing to pay $3.5K Per month the option to book online with Airbnb, as opposed to filling out the Zillow application, to add a layer of protection.  

I may ask my lawyer to draw up a contract with added protection from long-term leases. (not sure if this will be overly done, but I have read here that is definitely necessary.)

I would like to secure one of these for the month of August.  I know we are in the month of June and it's early enough to commit to a client in the next 2 months but playing my cards to have the better client book now and plan ahead.  

Thank you for the questions.

Eliu

 Yes, thank you for the good tips.  I will certainly follow up with the relocation specialist.

 Hi Andrew, 

I feel that at 30%, I would just break even with ALE.  LTR properties would need to be furnished by ALE and Utilities would also have to be covered.  I feel that convenience, furnishing, utilities and maintenance should amount to more than 30% of LTR properties.  Maybe I am wrong. 

Hello all, 

I have a home in Hudson Valley, NY. I have my property listed on Zillow, Airbnb, and Furnished Finders and have been contacted by ALE twice.  I have submitted the screening questions and set my rental at $5,800 per month with one month of security.  In the second request from ALE, I set my rental to $8,000 due to family size and taking into account that summer days will consume more electricity.

In both instances, the family "found another home".  I am not sure if the price is a factor in not getting the contract or other factors.  

Factors I take into account in pricing my rental. (besides covering my mortgage, utilities, and maintenance)

1. Very low inventory of furnished homes at the time of request.

2. Season (summer)

3. Family size

I am not sure if I am missing anything.  I expressed that my goal is to build a relationship with the relocation specialist and ALE. 

Thank you all for your input in advance. 

Eliu

Included are some pictures of the place. 

 How is the rent determined in cases like these?  Is there a formula for how much you charge or do they give you a fixed rate?  

Hi all,

I have a request for a family of 6 requesting a 1-year lease due to a fire. What should I look for in terms of protecting my investment? For example, renters insurance from the family or insurance company. I have a lawyer that will draw up a lease as well. Should we do a 6-month lease with the option to extend? I am just looking to keep my options open.

I spoke to my lawyer and he asked me if would take it a step further to find violations with the buildings department or leans with the title company.  How far into it do you guys take it? 

Thank you for replying.  That helps a lot.   I am asking my R.E. if he is able to work with me on Contracting these properties.   Looking to see what I am liable for if I am unable to find funding. 

I am not exactly giving them the address.   I actually did the leg work of viewing the properties, took videos, pictures of exterior and exterior to have an estimate of rehab.  I also did research of comp and rental potential.  

I should have been more detailed. I used the brrr calculator to also present ROI and Cap %.

Hi BP family,

New to Wholeselling here. I have two properties that I am presenting to an investor, however, I don't have a contract on the place yet. Investor seems trustworthy, would it be safe to present the properties without a contract? What is the normal charging fee for wholesale properties?

Thanks