All Forum Posts by: Ianne C.

Hi all! We wanted to turn our short term rental to allow medium term stays and are in need of a lease agreement. Does anyone know of a real estate attorney that can help us navigate this process? 

Thanks!

Hi Aaron!

Did you ever start on an STR in San Antonio? We are starting to establish ours and we are out of state.

Thanks!

Thank you all for the comments and suggestions on how to be more effective in my analysis. @Alecia Loveless - what a great idea of keeping one account to build the reserve before paying yourself. @Eric James - I agree! The prices off MLS are most of the time hardly providing positive cashflow. @Manaia Alalamua - thanks for the ideas. 

We will adjust out analysis and keep on looking. Hoping this market will cool down a bit. :) 

@Sarah R Pullen - Thank you for the insight. That makes sense. 

@Joseph Cacciapaglia- I have not considered just putting up a reserve upfront. I will do that and reduce the % to still continue funding it. Thank you!

Follow up question: Even if the property is in good condition (I will not renovate), will the year the property was built affect these numbers? For example, those built in the 2000s will have less % than those built before.  

Hi all! I am a new out-of-state RE investor in San Antonio. We are a little familiar with the city having called it home (and still do!) for 20 or so years. I have been analyzing properties both SFH and duplexes with the BP Rental Property calculator tool. It is a little disheartening to see every time we run the numbers that it results to a negative cash flow. I have repairs, capex, and vacancy set at 10% and property management to 8%. Is there a better way to set these expenses to get to a more accurate cashflow calculation. Any insights will be appreciated!