All Forum Posts by: Julia Fair

@Joshua Feit that's a point I didn't even think of. I didn't even consider that they would come furnished. But it completely makes sense on a 'used' (lord, what's the term when it comes to houses) vs a new build where you need to furnish it completely.

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Originally posted by @Jay Hinrichs:

Originally posted by @Julia Fair:

Originally posted by @Sachin Bhat:

@Julia Fair that’s an interesting question. what would you do? I believe in rewarding a good behavior as well

Keep in mind that I'm not currently a landlord so I can't say what I would do with my feet to the fire. But, I feel like the cost-benefit analysis would lead to me letting them stay. If they had perfect payment history and are generally good tenants, I would cover the mortgage (as I should be able to do if I've saved enough for unexpected expenses) and wait it out. This would be a tenant with a steady job and through no fault of her own (bad decisions, not budgeting, etc) can't pay. I feel like the delay in payment would be cheaper to take on rather than the cost to turn the home/apartment.

to me who has a ton of experience at section 8.. last thing you want is a turn over and start the process over you will lose far more than a month of rent

Agreed. I think I would feel that way, section 8 or not. But, that's with an excellent, no problem tenant. This just isn't bad budgeting or prioritizing Christmas presents over rent. Everyone is/would be getting equally screwed.

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Originally posted by @Sachin Bhat:

@Julia Fair that’s an interesting question. what would you do? I believe in rewarding a good behavior as well

3 Votes

I'm curious to know what you all think of staging a cabin...not like a cabin? We eventually want to buy a cabin that we'd be happy to visit as a family, often, and rent out when not in use. Well, the cabin decor is not my style at all. I've always wondered if there's more like me out there (I'm sure there are) that might gravitate towards that rather than traditional log cabin decor?

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Originally posted by @Russell Brazil:

I have government employees as tenants. 1 of them I am filing eviction, but shes been behind since before the shutdown. (Shes been consistently behinf for 8 years)

One issue Ive seen though is one of my closings is delayed because the lender can not do an employment verification on a federal employee.

What are you doing for the other government employees who weren't behind?

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#1 goal is to sell our house in Texas (been on the market for about 9 months now. No offers.)

Hopefully close out my husband's uncle's estate that will allow us to get started investing (and lower the price on our Texas house drastically, if necessary)

Attend every monthly meet-up of my local BP group

Complete 2-3 BRRRs on SFH.

If the deal is there, just do 2 BRRRs on SFH and start trading up into MF.

1 Vote

Originally posted by @Joshua Feit:

@Julia Fair My wife and I live in Doraville, and if you'd ever like to network / talk STR over coffee, we'd love to connect with you. Cheers!

Yes, absolutely! Do you go to the meetup at The Ivy?

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Originally posted by @Joshua Feit:

@Chuck Kramer I have the VRBO listing all filled out. Really appreciate your advice. I'll pull the trigger on that!

@Julia Fair I am working with a cleaner in the area, and I have an on-call maintenance person. Self managing just means I am not working with a cabin booking agent, and that I handle all bookings and guest interactions myself. It's a good amount of work, but I'm getting my systems down, and it's already getting easier!

Got it, that makes sense! Well good luck with it! Hope to be making the same post in the next 5 years!

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Originally posted by @Joshua Feit:

@Julia Fair

Well, it's early to share the income numbers, as we've only owned the first cabin for three weeks. But here's a quick look at the acquisition.

We bought a 2BR cabin that sleeps 6 in Shagbark / Sevierville. Our purchase price was 200K, though I haven't seen anything like it since for less than 225K. We put about 10K into it to get it all ready to rent (new beds, couches, kitchen stuff, sheets, towels, light fixtures, etc.). We estimate it is going to cost about $1,800 - $2,000 mo. all in to run it, including mortgage (PITI), repairs, HOA, Utilities, etc. I'm hopeful that we will make around $1,000 above that each month during the busy months. I've been told that Jan/Feb are slower, and so far, that seems to be true.

We are self-managing on Airbnb, and thinking about getting it on VRBO as well. It's a lot of work to manage the guests, but even as a beginner, I am feeling confident about managing it from afar (Atlanta).

Avery Carl is a great agent, and you should connect with her. @Avery Carl Let me know if you think my numbers are off!

You say self-managing on Airbnb...does that mean you're turning the cabin after every rental or do you have someone doing that for you?

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All Forum Posts by: Julia Fair

Julia Fair has started 3 posts and replied 66 times.

Post: First Rental! 50k to invest. Marietta?

Post: Living in Atlanta and running Airbnb cabins in Gatlinburg/Pforge

Post: Govmit shutdown affecting your section 8 payments ???

Post: Govmit shutdown affecting your section 8 payments ???

Post: Living in Atlanta and running Airbnb cabins in Gatlinburg/Pforge

Post: Govmit shutdown affecting your section 8 payments ???

Post: What are your goals for 2019?

Post: Introducing myself: buy/hold ATL investor getting into STR!

Post: Introducing myself: buy/hold ATL investor getting into STR!

Post: Introducing myself: buy/hold ATL investor getting into STR!