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All Forum Posts by: Luke Redford

Luke Redford has started 4 posts and replied 17 times.

Post: Owning & Living in Multiple AirBNBs

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Thanks all!

@Nick Belsky @Kyle Mccaw

We'll see if I find properties that would work - but I like the idea of Multi-Families with long term tenants so that I do have consistent income coming in, but then one unit for me when I'm there & airbnb when I'm not there. Should help with expenses as well as lending

Post: Owning & Living in Multiple AirBNBs

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Does anybody else live a pseudo Digital Nomad life, owning a few multi-family (or other type of properties) and traveling between them, and doing a short term rental while you’re not living there? 

I have a duplex in Seattle I live in that would work well, consider getting a few others in other West Coast locations I frequent

Post: Development cost resources?

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Following... curious about the exact same thing 

Post: Greater Seattle Rental Criteria

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Thanks @Account Closed - so what are you looking for for ROI? After capex/maint/vacancy expenses?

Post: Greater Seattle Rental Criteria

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Hi everyone - I was just curious for those who are still buying rental properties - what sort of criteria you are using when buying? I have a couple rentals that are cashflow neutral after accounting for capex, maintenance, and vacancy. However even those deals I'm finding impossible to find. Are others that much better at finding deals, or are you using different criteria? 

Thanks!

Post: HELOC on a rental property in Everett, WA

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

@Account Closed They were kind of unclear for me when I went into BECU for info. They made it sound like all of my rental properties had to be on my tax return for 2 years for them to do any sort of loans?

Also - do you know their LTV requirments? (They were being very cagey for some reason)

Post: Newbie from Shoreline WA

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

hey @Sam R. - who do you recommend for property management? Thanks!

Post: Rental Unit Neighbor Prodlems

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Thanks for all the help guys...

@Deanna McCormick There are blinds in the windows... but if they choose to have them open sometimes, isn't that there right? The neighbor offered at first contact that they didn't have a big party or anything, just left some stuff out... maybe things like that don't bother me as much as they do others.

@Michaela G. There have already been issues of the neighbor looking in the windows etc, and they wish the neighbor would just talk to them, the neighbor responds with "I don't want to talk to a tenant I want to talk to the owner" which seems odd to me. 

@Account Closed Thanks but the fence is already wood, they're family area is on the 2nd story so that's why they get a pretty literal birds eye view

Post: Rental Unit Neighbor Prodlems

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

Thanks for the input... I guess I'm just unsure when to intervene and when not too. I feel like the neighbor doesn't have a right to tell me/them where to hang their clothes (or if they can be visible in the Windows.) And I guess I see the backyard as their area, and if they want to have a cooler back there then that's their right. He sent me a picture where he saw 3 beer bottles so it's not like there was a ton. The backyard is visible from my neighbors window tho... Am I wrong, is there a level of cleanliness they need to maintain that's not written in the lease?

Post: Rental Unit Neighbor Prodlems

Luke RedfordPosted
  • Investor
  • Seattle, WA
  • Posts 17
  • Votes 2

I turned my old home into a rental this year, and the neighbor has my phone number. He calls/texts pseudo frequently with complaints, sometimes not. Currently he keeps complaining about being able to see their clothes hanging in the window (telling me to tell the tenants to keep the blinds shut) and empty beer bottles on the deck occasionally. He says he can see them from their family room... Is there any legitimacy to his complaints and how do you deal with a grumpy neighbor? Thanks for any help