All Forum Posts by: Kris Lippi

Good job though on going on 6 listing appointments in 5 weeks!

You are most likely wasting your money on flyers, especially 1000 of them. Also, after you print them out you have to get them into the hands of a prospective buyer either through mail or some other way, which will cost you more money or time. If you did want to do that it is a business expense and you can use the whole cost as a deduction. But flyers are not going to get you the results you want which is to actually SELL the house to a buyer.

Here is what I have noticed after doing this for a few years and like you try to focus on listings. When you meet with people and try to sell them on your services you need to use sell both the sizzle (flyers, single property websites, social media, etc) as well as the steak (price and making the house look really, really good). You sell them on signing up with you to be their listing agent with a really good presentation that wins them over that focuses on both of those aspects.

However, the steak part is what will actually sell the house as an active listing. That is really what you want.

@Juan Duque is that for vacation people who are going to Disney etc? How long are your short term leases?

Thanks for the responses. 10% does not make sense for this scenario. 50% over to double the standard rate would be great to work with to see if it the numbers would be favorable. Being able to get into rents being paid by either corporate relocation or insurance money seems like a great idea. 

I checked Airbnb in my area and it was all rooms that could be rented, I didn't find any houses. In our area we have a lot of apartments that do furnished corporate housing. I could get an idea based on what they are charging. Overall, I think people would welcome an option for a single family home over an apartment.

Recently I connected with someone involved with corporate relocation and they had a decent pipeline of people who are looking for short term (3-4 month) rentals that are furnished in my area. 

Does anyone have any experience with this niche? 

The questions off the top of my head are what premium could a landlord charge for renting a home fully furnished vs unfurnished and also short term vs yearly?

Hi Stephanie,

Have you looked into 203k refinance loan? I did one on a purchase but they also do them for refinancing. There is a bit of overhead associated with the loan but I didn't find it to be all that bad and would be happy to let you know about my experience. Also I recently connected with @Jeff Onofrio who seems to be very familiar with the program if you had any questions.

Good reply @Stephanie Cabral, Hartford is starting to put some of the pieces together to make the city more desirable. Personally, I feel they just need to bring more jobs to downtown Hartford to make everything work. The entire office park that makes up Constitution Plaza has A LOT of open office space as well as the rest of the city. I don't have the answers for how to fix that but I suspect it has a lot to do with cost of doing business, at least that is what I keep hearing over and over. More jobs in Hartford would benefit the city as well as the surrounding communities! 

BTW, I know UCONN is building out the old Hartford Times into a campus but what is the 2nd university that is moving into downtown?

@Ravi R. to answer your investment question, a few people I have talked to are scooping up multifamilies on the cheap, fixing them up, renting them out and after a few months selling them as income producing properties. Or selling them to people who qualify for the Hartford Homeownership Incentive Program. 

Thank you for the replies, I think  it would make sense for her to inform her tenants of the plans and establish what would work on both ends, such as a 30 or 60 day notice once a contract is signed in order for the tenants to find new housing and actually leave the property. It's a good point, if the tenants don't leave it becomes a mess.

I have a woman who is looking to list her house that is currently rented to a tenant. The lease doesn't end until October of 2015. In the brief call I had with her, she said she has in her lease terms that she can sell the property during the lease and the tenants would have to move out. 

I will ask her to send me the lease before putting on the market for me to review, however, I just wanted to ask the question here as to whether or not anyone else has had experience with this and is it even legal? 

@Jonathan Makovsky you are probably right about Christmas putting a dent in people pocket book and now they would like to sell!

With 2014 wrapping up and recently becoming an agent, I'm putting together a mailing to hopefully attract some retail sellers of absentee out of state owners and maybe find a motivated seller in the process. I'm going to use this list every 4-6 weeks during 2015. My question is does anyone have any opinion on when to start the mailing? I'd like to get started right away during the first week of January but I don't know if that is to close to the holiday hangover???