All Forum Posts by: Katherine Roberts

I supply appliances for the reasons you mentioned-less wear and tear on the property plus most tenants won't want to buy appliances or if they have them, will they fit the space and be connected properly?

 If I read correctly, you inquired how much work it is to serve that population so, I would ask you wouldn't I? 😀

But ok, perhaps you're not even sure if that's what you want to do with that property. Good luck!

 There are so many posts about renting to travel RNs.  I'm really curious what the draw is to RNs specifically?  Especially considering they're not the only ones in the hospital that travel, and not the only profession that has travelers on contract.

I'm an RN by the way, and I've been a traveler.  really curious.

My experience has been good with renting to travel nurses. They are very low maintenance in my experience. Its very hard to analyze these because of the lack of data. I have seen properties up on furnished finder for a while without being rented out. My vacancy has been like 3 days out of the last 9 months. 

I have a property manager for mine but the upkeep should not be too difficult. You may have to have a cleaner go in there once every three months or so and the lawn will be on you. Be sure to factor bills such as electrical, water, wifi, etc. to make sure the numbers still work. Also look at the competition on furnished finder, you will want to be a little lower than what everyone else is at to minimize vacancies. 

Hi Katherine, 

You probably got a property from a wholesaling company based on the information you provided. It is normal for a wholesaler to ask for a nonrefundable earnest money deposit and no inspections but the site unseen part seems odd. 

As a wholesaler myself, when I send off-market properties to potential buyers, I do permit them to view the property. However, we do not allow inspections or contingencies of any kind. If the potential buyers walk the property and would like to buy it, we require a non-refundable earnest money deposit of $5k within 24 hours of signing the assignment contract.

Unless you  are a seasoned vet at doing this.... and have enough knowledge to know what you are likely to encounter.... can tell by detailed pictures or your owner walkthrough what will be needed....and the cost that will likely be involved....and have the financial resources to deal with all the unknowns that may come up, then this is a HORRIBLE idea.

It can be done.... but you better have a lot of deals under your belt and you know what you are walking into.

That is a hard pass for me. If you have years of experience in there's a house on the market that you know is going to sell within a few hours and you've been waiting for a house just like that, then go ahead and make a site unseen offer.

but the red flag here is the broker is saying it's the only way to make an offer. No way.

Hi Katherine, 

An agent/broker should never "advise" you to not conduct an inspection for obvious reasons, including liability to the agent/broker in the event there is an issue. 

Are there multiple offers on the property? It is very likely that the agent/broker you are working with, if experienced, knows that the best probability of you winning in a multiple offer scenario is to have an offer without an inspection. In that case, it would be standard for them to share that information with you. 

Unfortunately, in a competitive market, buyers are having to do everything possible to make their offer stand out... a lot of times waiving an inspection can be the difference between winning in multiple offers and losing. 

If there are no other offers on the table, then I do not see any reason why they would be pushing you to not have an inspection done.