All Forum Posts by: Joe Kern

Hello All - just finished setting up and putting my first short term rental live on Airbnb. I just rented out most of the previous month , and agreed to pay the property manager 18% of the booking fee host payout so net of any guest service fees or occupancy taxes airbnb takes.  Now - I just noticed they are taking 18% of that (total payout)  which is inclusive of cleaning fee + nightly room fee (which is fine). But  They are also taking the full cleaning fee as well separately …is this normal practice? I feel like now the effective rate is much higher than 18% (closer to 30% +)  we agreed on… since they are taking 18% of the net total AND the cleaning fee sum. Any guidance would be helpful thanks! 

Hey @Devin Peterson approved for conventional loan options not DSCR yet*

Thanks for the response @caroline  

@Caroline Gerardo we live together and file taxes jointly married so I guess that answers my question on the separate FHA, being not likely. Curious what your thoughts are on benefits if any of adding her to this second investment property vs just keeping in my name. I'm thinking maybe this can keep her record free of any additional debt or could take another mortgage loan out in her name later down the line ?

Hello all ! Just got pre approval for an investment property , and am curious what the pros /cons would be id I added my wife to this as well? Also - I currently have an FHA on my primary which she is NOT on. Can she also use an FHA in her name only, for another property in the future.

Thanks in advance !

Hey All! Looking to purchase a short term rental (airbnb) in Florida and am curious how I would protect myself against potential lawsuits in the unfortunate event of an accident on the property? Is there STR insurance products for this ? Should I look into an LLC? Many thanks in advance!!

Hello ! Looking to Purchase within myrtle beach SC market, and am interesting in connecting with a local agent or to learn about How others have leveraged platforms like Airbnb , local property management ,etc. thanks in advance !

Joe K

Hello ! Starting a search within the Myrtle Beach SC market , and am looking to connect with a local agent who knows the market to discuss working together / representing me as I look to purchase a home I intend to Airbnb within the next 3-6 months. Thanks in advance !

Joe K

Hey @Rick Estacio - Point Pleasant 

Hey All! just about wrapping up closing on a house, currently under contract. Looking to fund via 203K an addition on top of a recently renovated ranch...most of the plans have already been approved by previous owner already! Seeking a licensed/insured General Contractor/Architect to bid on this project.

Thank You!

Joe

7325754571

Hey All! just about wrapping up closing on a house, currently under contract. Looking to fund via 203K an addition on top of a recently renovated ranch...most of the plans have already been approved by previous owner already! Seeking a licensed/insured General Contractor/Architect to bid on this project.

Thank You!

Joe

7325754571