All Forum Posts by: Lauren Lockett

Uh oh.  I always thought it was a cool idea, but anytime I see tech people get into real estate and construction (especially to this scale), I really pause and take caution. I spent 25 years in commercial construction and you learn something new everyday and its a very difficult business to be in.  Someone with no experience jumps in and wants to transform the industry. Hey maybe it turns out great, but still no real product years later and now this. 

Curious how this pans out. 

Boxabl acknowledges SEC inquiry in updated filing | Business Insider India

Did you know that Airbnb has HUNDREDS of local host community groups on Facebook?  One of them is bound to be in your area.

Join these groups in the markets where you own and operate your STRs so you can ask for LOCAL recommendations (handymen, cleaners, contractors, etc.), get advice on LOCAL ordinances and regulations, and network with other hosts who own property in your area. Host clubs advocate for state and local STR-friendly policies and plan online and in-person meetups. Community Leaders in these groups are hosts who volunteer to foster engagement and helpful assistance.

Here's a map of all the locations for host communities.  You will need to supply your email address or Airbnb link to join.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en... 

What lenders are offering HELOCs in Texas?

Hello,

Anyone who has experience in renting out 1bed 1bath condo in zip code: 75038, Irving Texas to travel nurses or doing Air B&B. It’s near DFW airport and 7/10mins away from Baylor Scott White Hospital of Irving. Looking for suggestions how to find travel nurses, i am checking on furnished finder and some facebook groups i don’t see much demand like downton dallas. So, trying to get some suggestions to find travel nurses, i’ll be calling hospital HR tomorrow, however if there’s other tips & tricks, suggest me.

Trying to get the best return on investment and maximize profit. I like the idea of renting to nurses than long term tenant because of wear and tear issues. As it has is cons too of finding nurses.

Thank you.

Best time to improve your Airbnb is during low season. I recommend going through your reviews, see what guests recommend you to improve in order to make their stays better. Take advantage of the low season to keep your bookings up with good reviews in high season!  

Also, low season can be good to list your new airbnb. So you can focus on getting 5 start reviews, build the property profile and be ready for high season!

Hi all,

I am curious about how people are successfully operating rental arbitrage businesses. I own multiple rentals in the south/mid west and recently I was approached by an aspiring arbitrager to lease out one of my duplexes. They have furnished the unit as well as complied with my annual rent increases and its been a great long term relationship - they've always paid on time or early, I collect my rent, they maintain their "place of business" keeping my property running tight, and they in turn profit by doing STRs.

Myself coming from the ownership side, I am not looking to get into the businesses but I am just curious what successful arbitragers are doing and possibly what horror stories people have. Simply looking to gather some insight on:

Who has been successful in rental arbitraging and what leads to that success? Is it property managers who have quality systems in place already who are just diversifying their business model? How are leads being generated for this, there really isn't a "Zillow" where people can go to find arbitrage opportunities, its all market research and cold calling it seems. I have seen very mixed reviews scouring through the BP forums and am curious.

Does anyone have horror stories or major problems faced that stopped them from success in this business? What would make this method more attractive?

Thanks all for sharing insights!

Quote from @Lauren Lockett:

I hear a lot of people say it is allowed in multi-family zones, but MF means a lot of things to a lot of different people.  There's a little more to it than that.  Chapter 42B of the Dallas STR code prohibits short-term rentals in multitenant structures with fewer than 20 units.  So that cuts out a lot or most smaller investors.

Hello BP, I’ve got a question I’m hoping some seasoned investors can help or give their insight . I just finished a pool cabin 4 bedroom 6 bathrooms . 4200 sq feet in gatlinburg with theatre , sauna , steam shower arcade indoor heated pool. Appraisal. Location is great , view is good and overall I like the cabin but the situation is :

950k mortgage at 8% . So mortgage sits around 7k without taxes .Just got our appraisal and looking at comps realistically 800-900 equity currently . We did the build ourselves so we saved alot of money but I don’t think I’d sell and build again just do to the headache of workers in the area . The lender thinks we’d get around 15-18k a month gross but I’d be hopeful to get closer to 12k average given current market conditions . 

Just had our first baby and looking to simplify my life a little so taking the equity and doing something back in Georgia is tempting . Thank you all for any insight .