All Forum Posts by: Khaled El Dorry

Front page deep dive of bigger pockets quoting David all around.  I thought they did a decent job explaining the trends but the analysis was not clear and kinda slanted a bit negative. The comments section was pretty negative but it’s a European publication so a lot of comments talking about more regulation, etc.. thought it was interesting read. 

Here is the link. It’s behind a pay wall so not sure who will be able to access it. They actually have a pretty decent RE section overall that I read on frequent basis.

https://amp.ft.com/content/57a...

Absolutely hire a CPA.  Unless you’re an accountant ourself.  I can’t imagine doing my own taxes every year with a W2 + rental properties. Putting together the paperwork alone is painful so I sent imagine trying to file it myself with the IRS. 

Great looking place!! I’m a month away or so from listing my first unit. The photos are a bit confusing with the Bed/bath order. Pictures are beautiful but maybe a bit too perfect? They were blinding shinny :) 

It’s definitely not remotely close to the pool. The space is not an issue for sure. Regarding the repairs, yes I’m buying a warrantee + technical support and obviously will have a good handyman in town to quickly address. I also plan to put a hefty fine if there is damage to the unit from guests. I read elsewhere that I should also make it pay to play but I don’t intend to go that route first. 

I wasn’t referring to a simple arcade game. I was talking about the golf/sports package with a 9X12 foot screen that you find in the PGA stores.

I have a property under contract and all my due diligence and homework suggest it will do well with proper management execution which I plan to self manage. 

Question is if I invest $40k in one of these super fancy sports experiences would it be worth it? I was Planning to buy a more expensive property but liked the one I have now more so I have an extra play money in the budget.  The question for the resident experts if adding that kind of investment is worth it or not?

it’s in the Smokey’s and I see that pools make a big difference but wonder if these fancy game consoles have a similar effect (obviously not a pool but a differentiator) 

thank you 

Thank you, John. Always insightful. 
 

To elaborate more is how to do it in a LLC while not losing the benefits of a second home loan (10% down and a 30 year fixed loan).

How have you gone about moving a short term rental into a LLC?

@Michael Sherrill I’m also looking into both. I talked to Hemlane and they refer you to a local agent for for turnover and marketing. The agent will charge 75-100% of first month rent but will handle all showings, marketing, etc…

They also don’t handle evictions but everything in between looks ok. I’m talking to nestegg tomorrow and will see if it’s the same or they offer a bit more on the beginning and end of cycle.