All Forum Posts by: Heidi Braunhardt

Hi Blake! You will need to go through your own application/licensing process from step one. The city will not allow licenses to be transferred. Hope this helps and good luck! 

@Konstantin Ginzburg Thanks!! We moved this building from STR to LTR during Covid. Our market down here is also very saturated with Airbnb's at the moment.

@Leonard Rybak Thanks! Yes, I have managed myself since purchase.

🤗☺️It was my pleasure!!

👏 👏 👏 yay they booked for 70 nights! Congrats, Matt! 

What I can tell you is DON'T hire Matt Lyons with EDS. Working with him right now and could't be worse. Hope you can find someone good!!

Investment Info:

Townhouse buy & hold investment.

Purchase price: $228,000
Cash invested: $55,000

I purchased this property off-market and it is a complete gut job. I will renovate for about $55K and then I will rent it for about $2,500/month. Excited to share pics soon!

What made you interested in investing in this type of deal?

I own two units in this community already.

How did you find this deal and how did you negotiate it?

I am a Realtor.

How did you finance this deal?

Cash.

How did you add value to the deal?

Full remodel.

What was the outcome?

In process!

December through end of April, so 5 total 

Short Term Rentals are properties on Airbnb for example. So you can rent them nightly, weekly, etc. These cash flow because you can rent for $200+ a night, and they may be booked at 95% occupancy during season. That is $6,000/month gross during those months. Off season is less of course, but still more than a long germ tenant would be paying. A LT tenant may be paying $2,300/month for that same property.

They will for short term.