All Forum Posts by: Ian Tyndall

Thanks Jeremy, I have a roof inspection scheduled for tomorrow.

The interior is a little funky with the split level design, but I have found that it works pretty well in another one of my properties so I am not too scared off by it.  I think it will need new LVP floors and paint for sure. 

I haven't been able to get a great look at the bathrooms.  Are the showers the main concern?

At some point I signed up for promotional emails from a company called Here. They were a syndicated STR that went belly up. The founder is now offering a property selection newsletter to find the "best STR deals".

I make it a little bit of a game to try find the properties that are spotlighted in their teaser newsletter and see if they are a good deal. I found this week’s property and it looks like they a good job finding a property that is eye catching and potentially cash flowing:

https://www.zillow.com/homedetails/73292-20th-Ave-Desert-Hot...

Here are the numbers:

https://www.bnbcalc.com/analysis/73292-20th-ave-desert-hot-s...

What do you think of this investment opportunity? The property looks like a decent location and is isolated from neighbors. 

Quote from @Craig Jones:

My ideal STR candidate is a property where I can add bedrooms within the existing building footprint. And it looks like plenty of opportunity for that with this house. You could easily carve another bedroom out of the basement and still have a very generous family room. Maybe even a 7th bedroom /w bath by converting part of the garage.

That kind of modification might hurt the resale appeal to a future owner-occupier, but let me tell you, it's STR gold. Lots of bedrooms is the ultimate amenity, and pretty difficult for competitors to copy 😊

I was thinking that the front sitting room could become a bedroom…

This goes against convention, but I think California might be a good market because so many investors are avoiding it. I have been tracking the area are the Sequioa National Park and have seen some numbers that comp out. The town of Camp Nelson is in Tulare County which is a "red" county in a deep blue state that is favorable towards landlord and STR rights. Might be worth a look.

Here is one deal that looks interesting:

https://www.bnbcalc.com/analysis/54902-redwood-dr/66489d0fb7...

All I have is the Zillow listing:

https://www.zillow.com/homedetails/5439-N-82nd-Ave-Glendale-...

Maybe some more photos after the inspection next week

Happy to take a look

The only photos I have are from Zillow:

https://www.zillow.com/homedetails/5439-N-82nd-Ave-Glendale-...
inspection tomorrow. I will get more photos from the inspector. 

I am under contract on this property in Glendale, Arizona. I am bullish on the location and the building. The revenue projections seem reasonable to me because I have another STR in Glendale with 4B2B that is on track for $90k this year. It is much further away from the Westgate Entertainment Complex than this property. Lots of visitors come to town for events there, so I think this location and expanded size will be an excellent draw.

What would you do with this house and more importantly the yard to maximize its appeal and ADR?

How about Virginia?

I am in the market for some. We have a lot of timber tracts that are adjacent to state and national parks. I know of two other landowners who own STRs that are interested for either dedicated tiny home “villages” or as ADUs to existing properties. 

Quote from @Bruce Woodruff:

Why does Cali always have to F with things? In their attempts to make everything nicer and fairer, they just screw everything up. Don't they think people can add and subtract out the different fees?

Pretty sure Airbnb’s lobby was behind this one. Chesky has said that wants to see cleaning fees eliminated. Now he can blame it on the state law. Once it goes into effect on all the platforms it will likely become the de facto standard. 

There probably won’t be any unintended consequences like California raising minimum wage for only chain restaurant workers to $20 per hour while all others are $15. 😀