All Forum Posts by: Kevin N. Saisi

When we are ready, I will post here. My cousin has stepped up to fill the financial need, but I still will require in person guidance when planning the rental launch late this year or early next year. 

I hope that we will be able to be your hosts in the future. 

Thanks, my cousin is a trained Geometra, so I will consult with him.

My cousin and I are considering acquiring a two-unit home in Tuscany. The bottom unit is in good shape, but the second needs much work. I seek proposals from people experienced in weekly and monthly rentals to set up and operate the bottom unit. We could do it ourselves, and eventually we will, but if someone who lives in Northern Tuscany could be our guide and startup marketer, that would be great. Neither can be there regularly, so we need hands on the ground. We have cousins in the area and could contact others in the industry, but there is a difference between doing it and doing it right.

Dan, 
I am up in Northern Oxford County, but I need some guidance on my Maine properties and my Tuscan aspirations. Would you be available to meet in Auburn? I could pay for lunch. 

Kevin

I am a small-time (4 LTR rentals) landlord in Maine. I have begun a discussion to purchase my grandfather's birthplace in Tuscany, but it needs work, and I have limited resources. My goal is to acquire and renovate the Tuscan farmhouse with two units. The plan would be to market the bottom level weekly during the peak season and split the off-season rental monthly and weekly. The upper level would be overflow capacity in the peak season and a 4-week or 12-week rental to digital nomads in the off-season. My goal in renting it would be to pay the acquisition and renovation costs and then to sustain the property. I had been considering offering a rent-to-own contract with recovery protections if the deal went sour.  However, I would need financial help with the renovation costs upfront. I don't need to make a profit on the property. I would be willing to make a co-hosting deal if someone has contacts in the region, as my responsibilities in Maine require me to be here more regularly. I am still assessing the project's overall cost, but if costs exceed 200k, it is a no-go. Correctly implemented, the resulting property value would exceed 200k, but I am looking to keep the building in the family.  Thoughts and suggestions are welcome.