All Forum Posts by: Kelly Bankes

@Erik Schilling How did this deal turn out? Did you move forward? I’m interested in learning more about these types of conversions and would love to hear your experience.

@Milan Williams I’m curious if anything ever came of this deal? I’m very interested in learning more about the process of converting commercial to residential.

Thanks for posting this @Thomas Martin. I’ve been having the exact same thoughts. I’ve already been seeing so much vacant commercial space and there’s a need for more affordable housing. Does anyone out there have experience converting commercial to residential? What was your process like? Would you do it again?

I think more than reducing the price allowing pets would get someone in faster. I was against it at first too, but our best tenants have pets and wouldn’t have rented from us otherwise.

Can you please send the zoom meeting code?

We have two units with a shower only. One currently has a family with a child in it. We haven’t had any trouble with vacancy so far. However, two sets of tenants have said they wished it did have a bathtub.

I haven’t used them myself, but I would start with Broadway Property Management if I were looking.

One benefit to a SFR over a multi unit is that when you go to resell there are often more buyers in the market for a single family. My first house hack was a single family in Louisville (Camp Taylor area) with roommates. After I married we house hacked with AirBnB until we turned it into a long term rental.

We live and have three rentals in 40213. None are in the flood zone. We do get water in basements with hard rain. I would just be selective about which properties you’re looking at.

 For the weekend of Kentucky derby, yes people can get even thousands a night. We are year-round hosts and can get $100-200/night for a three bedroom house (sleeps 8) other parts of the year. A single room rents for $50-100. We are near the airport/expo center.