All Forum Posts by: Lauren Lockett

@Myka Artis

Apologies for my late response. I just rejoined BP! As of last month, I've been vacation renting my condo for 3 years now! Blake is right! Just check in with your HOA to ensure you are abiding by their bylaws and conditions! Understanding and having a relationship with your HOA goes a long way. Everyone's experience is different so just call them up before purchasing your unit. I haven't run into any issues on hotel taxes, permits, or HOAs, but you can lower your chances by building in the hotel taxes into your nightly fee. If you're just starting out, having a property manager may help with that along with attorneys and your CPA/tax preparer. If you've got any other questions for me or need any referrals for property manager, attorneys, or CPA/tax preparers, ask away or shoot me a message!

@Kyle Thomas

Welcome to BP! Be sure to check out the forum categories to focus on your buy & hold strategy! Best wishes on your success and let me know if there's anything I can help with in Arlington! 

@Jacob Lemberg

The opening bid is to draw in interest and the price goes up from there. Continue participating or visiting auctions to get a feel for how it goes! 

@Christopher Antrup

Try the Network tab above and looking up local folks! Best wishes on your success! 

@Hattie Dizmond

How do you tell the class of a neighborhood? I see that often on the BP sites, but am unsure how folks know that info lol! 

Sounds like a great idea! Keep us posted! 

@Ryan O.

I imagine Florida would be AWESOME! I've used vacation rentals the majority of the time I visit or go on vacation. 

My vacation rental in North Arlington has been doing well the 9 months I've been doing it. For where I am and how relatively affordable my condo is, I'd imagine you can "create" a vacation rental anywhere really. As @Karen Margrave pointed out, it's really just connecting enough attractions and potential conveniences any vacation renter would want. In my area, there's the Cowboys Stadium, Rangers Ballpark, Arlington Convention Center, Six Flags Over Texas, and Hurricane Harbor. I I know, not your expected answer lol, but now that I've done this, I can see other areas in DFW that could potentially work as vacation rental opportunities. I imagine all your southern states (Florida, Georgia, & Texas) can all bring in the income you're looking for! 

 That's awesome news Bryan! Glad to hear it! Keep us in the loop if you need anything! There's possibly great local brokers you can find here on BP in your local area so hope you're able to foster those relationships and someone comes your way soon! I'll def keep my eyes peeled in the forums! 

@Denise Warner

Welcome to BP! Explore the Network and Learn tabs for more info. There's so much to offer here! Best wishes on your success! 

@Nancy H.

This may seem like a silly question, but how do you know the neighborhood class? I see that alot in these forums and I have no clue how to get that info. Please & thanks!