All Forum Posts by: Jimmy Lieu

What is a good way to feel out of state real estate agents and others that I will need to build my business. I am not able to fly to meet up at the moment and probably won't be able to for 6 months or so. What are some good questions to ask?? Thanks in advance!

Hello BP Community! I'm in search of a good land use lawyer who can help me negotiate public infrastructure I am being required to pay for near Waynesville, Ohio (Wayne Twp, Warren County, exurb of Cincinnati/ Dayton) in association with a small subdivision I am constructing. Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc. Referrals are most welcome! Thank you!

Hi BPers! 

I have some short-term rentals, and occasionally, a few of these have turned into mid-term rentals when rented out for several months. I appreciate the ease of management that comes with mid-term rentals, but I have some concerns. For one, the rental income tends to be lower than with short-term stays due to the necessary discounts, yet we still face most of the usual costs, aside from savings on cleaning and supplies. Additionally, each deep clean after a mid-term stay costs around $300 or more, which almost negates the financial benefit of the mid-term rental model. Repairs after tenants move out also are significantly higher. 

I'm curious about everyone's thoughts on the pros and cons of mid-term rentals versus short-term rentals. profit margin on STR is getting thinner, and I'm interested in exploring other strategies. I'd love to hear from those with more experience to see if my observations align with yours and if there are tips for managing costs or maximizing the benefits of mid-term rentals.

Thanks!

Lee

Hello BiggerPockets community! I'm Mark Dunn from columbus OH, passionate about real estate investing for 5 years. I'm particularly passionate about Columbus, Ohio

Outside of real estate, I enjoy family, faith, and farming, travel, also a huge veteran advocate

Excited to learn and connect with you all!

Hi everyone My name is Allante Loper based in Michigan. I have been in the industry for sometime now and want to start investing. I am interested in both residential and commercial investment properties. Looking to connect and learn!!! 

Im newbie in real estate investing. I’m living in Bay Area where finding deals that generate cashflow is impossible. Any advice where to invest?

I'm looking for someone to manage my SFH rental in the North Linden neighborhood of Columbus, Ohio. Please let me know if you have any recommendations for someone who is hard working and a great communicator. Thank you!

I am closing on my first short term rental property in Columbus Ohio. Does anyone have any good recommendations/referrals for some stellar handyman or cleaning companies? Thanks so much in advance. 

Good day-

I am looking for a few contractor quotes on a full gut job.

Can anybody recommend someone they have worked with? Looking to get a few quotes.

Thank you in advance!

Request advice from anyone who is either a lawyer in Ohio or is knowledgeable and experienced with Ohio rental laws.

I have prospective tenants who signed a lease on 31st of October and paid security deposit same day. Lease started 1st of November. Their intention was to take possession of the property by end of this week. They've had "issues" doing ACH verifications on Hemlane and haven't been following directions. They haven't paid first months rent which was due today. I gave them time to figure out their ACH verification problems and even gave them a choice to make a payment in another way or through another platform. They have been very difficult to deal with past week. They haven't responded to my messages or calls in over 24 hours. Their intent was to take possession of the property by end of this week presumably the 8th which is tomorrow. They never gave me an exact date. I sent them a text with an informal notice that if I don't hear back from them about the changes in their arrival plans and don't receive the first months rent by tomorrow I will presume they no longer plan on taking possession of the property at which point I will make a formal legal notice. Now my question is once I give them the 3 days formal eviction notice for not taking possession of the property or paying first months rent am I allowed to keep their security deposit? Is 3 days enough for a notice? At which point am I legally allowed to relist the property for rent again? I am a first time property manager on my own and I have a lot to learn. I need help from whomever I can get before I pay a lawyer. Thank you in advance.