All Forum Posts by: Jonathan Avellaneda

 Got it ..thank you! That's the first time I heard that, appreciate the explanation!

@Michael Baum I have never heard of bumper time, what is that?

Wow that is awesome! Would you mind if I reach out about investing in Colombia?

I know you spoke with Furnished Finder about renting the whole house, but instead of that would a rent by the room strategy work for furnished finder? If the nurses are travelling solo, just rent them a room in the house and have the rest of the areas shared. Once you have them in there you can have a cleaner come in and tidy up the shared spaces weekly so it stays nice. 

What does long term rents look like? Does your value/equity position support selling if need be if they change the Airbnb regs? 

in other words, ensure that you have multiple exit strategies that will work and you should be fine. I would also find out what is considered short term because you may be able to target mid term rentals and avoid all of that as well.

Hi,

I would be interested in possibly joining depending on day/time this would take place. I have 1 STR running and under contract currently for my 2nd.

thanks!

I have 1 in Washington. I run it as a STR so i don't have to deal with the tenant laws here. I would look into that rather than LTR, especially on the western side of the state. Let me know if you want to chat!

 I have not seen/used other sites. So far FF has been great. I just had a set of 4 nurses that stayed for just under 4 months. No issues the whole time and we'll worth it!

Interesting comments here. Here is my take.

i charge 8% more on VRBO than Airbnb. After looking into this that is the % difference between the 2. In my market I get 2 listings a year, if that, through VRBO. All of my traffic is generated through either Airbnb or furnished finder for travelling professionals. I believe the Airbnb vs VRBO discussion is not needed. List everywhere and let whoever books, book. I had a really bad guest with VRBO, and I had a really bad guest through Airbnb. Unfortunately this is the name of the game at times. HOWEVER, 99% of my guests have been great. I don't see a real reason to turn down revenue through either platform.

Welcome to the BP community Mary! I am in pierce county, but used to live in Lacey so i know the Olympia area as well. In order to make a decision like this it's time to compare numbers. How much would your property rent for? I am curious to know why you think it won't cash flow? If you are looking strictly at long term rents and the numbers don't work, have you considered other strategies? In Washington,with it's high prices , we often need to get creative to make properties cash flow. Short term renting lends to a higher cash flow than the traditional rent. You could also look into renting by the room, either long or short term. I have also noticed a sweet spot, depending on your location in Olympia, for mid term rentals to travelling professionals like nurses. 

Try to run through some of these scenarios and see what type of income the property might produce before determining that it does not actually cash flow. If at that point it is still negative, then I would see what the home would sell for and see what the net proceeds I would receive might be. Look around and see what you could use that money for in CT and see if it would be a better return than your current situation. No one has a crystal ball so I would not count on continued double digit appreciation in home values here, but it would be a bonus if it continues.

let me know if you want to chat about any of this and welcome once again!