All Forum Posts by: Erick Ayapana

We do a smaller refundable damage deposit of $500. Mid term stays are much shorter than long term so there should be less opportunity for damage. Of course, good screening will also help prevent bookings that are likely to cause damage.

We've never done application fees, but we also don't do credit and background checks. I think MTR tenants could be ok with this and it really depends on your business and how you plan to mitigate risk.

We collect rent through our property management system Hostfully. Again, this is a coming from the perspective of treating MTRs more like a STR rather than a LTR.

Hi Allen! I am in the exact same boat. STR owner and do a fair bit of MTR sprinkled in when I get inquiries. We also mirror the $500 refundable DD but are trying to figure out a cleaner way to handle it. Are you doing it via CC like your STR guests? If so, how do you secure the authorization on their card past 30 days?

We're actually charging them the deposit along with their rent and we refund it after check out. We're transitioning to a different model with Waivo now, where the guests pay a small fee for $1500 of coverage for damages.

@Allen Duan what do you do if they decide to back out before moving in? Do you keep the security deposit? Or does that also need to be refunded (under California law)?

0 Votes

Columbus, Ohio

Quote from @Bonnie Low:

If you're in the 30-day stay realm, you absolutely need a lease agreement, especially in California. Do not budge on this or you're giving up any potential protections you have as a landlord and that is going to bite you. No 30-day airbnb booking is worth it. I've used the Avail leases before and a lot of those pages are dedicated to required CA disclosures like the lead paint acknowledgement. One way to state it for your potential guest is that the lease has a lot of language required by the state of CA but, at the end of the day, it protects both of you so it's a good thing. If they're not ok with that you've dodged a bullet. Some people prey on landlords who don't know any better. If you really don't want to use the Avail template, have a real estate attorney draw up a condensed version for you. But 99% of midterm guests are not going to balk at the lease you're already using. If they're renting midterms, they're used to it.

I’ll admit it was tempting to forego the lease agreement. Glad I didn’t. @Bonnie Low thanks for the tips. I already had an attorney look over the Avail lease and he suggested keeping it as is.

2 Votes

Long Beach, California

A few days ago I finally listed my first rental property on Airbnb as a MTR (due to Long Beach regulations regarding ADUs). Today someone made a reservation request for a month-long stay. She was initially fine with a lease agreement, but cancelled once she saw it. Said it was too intense. It's just a standard lease agreement from Avail.com (which appears to be the same form from AOA), with minimal tweaks from an attorney.

That said, I kind of agree with her since it's a standard dlease (19 pages long!). Anyone here do lease agreements alongside Airbnb bookings? If so, do you use a standard lease? or is it pared down?

Super frustrated. I was excited for my first booking!

0 Votes

Long Beach, California

Quote from @Jeremy Jareckyj:

100% do an application and a check. I recommend Turbo Tenant

@Jeremy Jareckyj do you have experience using Avail's and TurboTenant's screening tool? If so, mind listing some pros and cons?

0 Votes

Long Beach, California

Quote from @Joey Banasihan:

Quote from @Erick Ayapana:

Thanks @Joey Banasihan. Do you direct all leads to Avail, whether they come from Airbnb, Furnished Finders, or elsewhere? And do you you also use Avail's screening tool?

Hey! Yes, I ensure I contact them and let them know utilizing Avails screening tool. I typically pay for the screening so it makes it easier for the prospects.

@Joey Banasihan do you also list your property on Avail? Or just use the tenant tools?

0 Votes

Long Beach, California

@Allen Duan I'll keep you in mind! My dad suggested I use a PM, but I'm going to see how I do self managing.

0 Votes

Long Beach, California

Nice! Thanks for the tips. Super helpful.

0 Votes

Long Beach, California

Thanks @Joey Banasihan. Do you direct all leads to Avail, whether they come from Airbnb, Furnished Finders, or elsewhere? And do you you also use Avail's screening tool?

0 Votes

Long Beach, California

Hi All,

Setting up my first MTR, an detached ADU in my backyard. I'm starting to feel apprehensive about finding a tenant. I'm planning to post the ADU in Airbnb, FF, and Zillow. I'm also leaning towards requiring a lease agreement.

That said, I'm on the fence about screening the tenants. Is that going to far? I want to protect myself, but also don't want to turn off any good prospects.

Also, any thoughts on doing the lease through Avail? I've joined the AOA and reviewed their lease agreement, but it seems like overkill, though I do like some of their addendums (bedbugs, plumbing etc). I plan to have a lawyer review the lease, whether it's through Avail or the AOA form.

Thanks

0 Votes

Long Beach, California

Hello @Tuan Huynh, @Twana Rasoul @Nicholas Ardakani

I'm hoping to post my ADU as an MTR here in Long Beach, CA. Looking into Airbnb and Furnished Finders. I'm definitely considering a lease agreement, but on the fence about running background checks, as that might turn off potential good tenants. Thoughts?

0 Votes

Los Angeles County, California

All Forum Posts by: Erick Ayapana

Erick Ayapana has started 2 posts and replied 10 times.

Post: Mid-term rental deposit, application fee, & rent collection

Post: Lease Agreement Scared Away Airbnb Prospect

Post: Lease Agreement Scared Away Airbnb Prospect

Post: Background Checks for MTR - yay or nay?

Post: Background Checks for MTR - yay or nay?

Post: Background Checks for MTR - yay or nay?

Post: Background Checks for MTR - yay or nay?

Post: Background Checks for MTR - yay or nay?

Post: Background Checks for MTR - yay or nay?

Post: Mid Term Rental for Travel Nurses