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All Forum Posts by: Felicia Lucco

Felicia Lucco has started 8 posts and replied 46 times.

Post: Where are Short Term Rentals Headed?

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

Desta Sillerud, you give me hope. lol  I recently spoke to my niece, also a traveling nurse. She has mgmt experience as well and can afford to travel with her family; however, she did mention that 'staff nurses' are on the lower end of the pay scale. With my 4/3 townhouse in a resort community, I'm hoping to attract colleagues willing to share. This saves them money while allowing me to get my asking price. It's also perfect for those traveling with their families, but... so far, not one inquiry. 

Post: Where are Short Term Rentals Headed?

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

@Dave Stokley, I agree with both of your statements. I bought in Davenport last year. I learned a lot, followed the teachings of a few experts here, and as far as I can tell, I'm doing everything right. But the demand in my area has dried up. It may be the economy and uncertainty, or that there are so many places to choose from. I can't even make my bills each month and have to seriously consider unloading this. 

I have heard the hype about traveling nurses, and also that the demand is declining. Nonetheless, I did post my place on Furnished Finder in hopes of getting longer stays. So far, nada. I'm not giving up my dream of owning one or more STRs but definitely need a less saturated market.  

Post: House Hacking in Lehigh Valley, PA

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

I'm jumping on this, too. Thanks, Tom! Currently living across the river in P'Burg and investing in a STR in the Disney market. A multi is of interest, as well. (NOT in NJ!)

Post: Our experience with the Zinus Mattresses

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

Wondering if maybe that one you tried was defective? Did you contact the company and explain the situation? They might be willing to replace that one. Especially since so many people have said good things, it might be worth a try before unloading all of them.

Post: Considering getting into STRs. Any advice would be appreciated!

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

I used The Short-Term shop to help find a turn-key STR. I hadn't heard of Awning, but looking at them now, as well. Good luck!

Post: Novel Idea: DOUBLE DECKER BUS into a Profitable Airbnb

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

Awesome idea. My first thought is, where would I put it? lol

Post: Using equity to make another purchase

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

Thank you all for the information/suggestions. I appreciate it. We have a lot to mull over. :)

Post: Using equity to make another purchase

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

Thanks, Juan. Good food for thought.

Post: Using equity to make another purchase

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

We have accrued decent equity in our home in NJ and maybe a bit in the rental prop purchased in FL earlier this year. Our plan is to use this equity to purchase another property. How do I access this equity? Refinancing could mean thousands in closing costs while a HELOC would be another loan to pay on in addition to a mortgage.

Post: Motel rent By thew week like a air B&B.

Felicia LuccoPosted
  • Rental Property Investor
  • Phillipsburg, NJ 08865
  • Posts 48
  • Votes 24

I agree with @Aaron Gordy, but if you do move forward, I don't think Airbnb (or any vacation rental market) is your target audience.