All Forum Posts by: Deanne Bourne

I have several SF, 3 and 4 units,  a condo, 3 Short Term Rentals in various states ( not Texas). My next purchase will be a 5-8 unit in state that is new to me.   I found with all this stuff that a manager for the multis was prudent so I could focus on growing my business not chasing rent or vacancies.

All this is called "residential" and now I would be starting "commercial" with these larger multis. Many properties are sold without going to the MLS. But you could find a property or a realtor on Loopnet.com. Since you are starting out I recommend a good realtor/management company who isn't going to be a competing investor. You could always terminate later if necessary. Don't be in a hurry and don't fall in love with a property and not run the numbers carefully. There is a lot to having a good realtor/management company when you need workmen, remodeling and new tenants screened plus they know the neighborhoods and you may not. Good luck

Perfect. Thank you. Now what I read is really worrying me on that website 

I just know there are meetings in the big (and small ) hotel and casino chains on how to profit and stop the little guy who has become a nuisance. I am in Incline Village with a STR condo and I feel like a sitting duck just waiting to be picked off.

I have property in several states now and for that reason my usual a-political self has become more attuned to anti- landlord state/local legislation.  Subjects like rent control and vacancy control, and anti short term rental legislation keep me stirred up. 

 I started looking for a national group that represented the rights of the landlord but have not found any.

It seems to me that the national AFFORDABLE HOUSING SHORTAGE is being laid on us.  Since social services can not find housing in many areas and can’t or won’t pay the rising rents we need our rents controlled.  NY state is looking at widening rent control to northern municipalities. 

 El Dorado County NV is stopping short term rentals IN SOUTH LAKE TAHOE residential areas. 

San Diego County is eliminating short term rentals in its Coastal Zone by using Sacramento lawmakers to circumvent the local voting process. 

It goes on. 

So if you are aware of an advocacy group that is national and political with a lobby for landlords please forward a name .. 

We recently were looking for a SF to rent out in Minden, NV. Our plan was to move from CA in a couple years but the market was not cheap. We got more for our money in Carson City.  The scuttlebut is that CA buyers are pushing up prices quickly.  The rent barely covers the mortgage. 

Next I wanted income property but Short term Rental (STR) is Fighting for its life in 3 counties bc of the casino/hotel influence I think. The giga factory in Sparks, NV is already pushing up pricing and stock isn't too abundant. Multis were few so I started looking in other states.

 There maybe what you’re looking for here but the numbers didn’t work for me. 

Stacey. I am looking at moving into Reno also. We just invested in Carson City with a SF.  I was hoping to stay nearby in my next investment. 

A smart owner could see from the STR (short term rental) availability calendar the approximate earnings. If he realizes he could do it himself or have a less expensive manager do it he will turn away from you at the end of the lease. I would talk more about the money and how time consuming and hands-on STR is. Certain owners will go for it but others you would just be giving them a business they will take back.

My comment concerned the Code/planning Department. Neighbors are now reading about the perceived issues with STR. They have learned where to complain. If the city or the county has made tough regulations against STR I would be careful.

@jackiebrassell I just use the Airbnb software but need to possibly find a paid co-host so I can leave the phone for a week or two and go out of cell service area camping. 

Jackiebrassell the software I use is just the Airbnb or VRBO software. I think co-host (paid help) is the only way to go out of cell reach for a week camping. No family member knows how to work the system. 

Thank you Kevin,  that is sound advice.  I guess I have to be willing to put in my best and let the realtor do her magic too.  At least we have a heads up to strategize and plan.