All Forum Posts by: Marc Rice

@Christine Sierra Analyze other listings that will be similar to yours. Airdna.co provides some good data on the metrics.

Smaller units 1bd/studio do well for us with Airbnb but we don’t have traditional vacation rentals in a touristy spot - all are in Columbus, OH Metro.

@John C. Great post!

@Curt Bixel

Zillow, Zumper, Facebook Marketplace, Apartments.com, Cozy.co. All free except sometimes Zillow charges $9.99/wk.

@Jared Erby

Numbers look great, crazy how some of the properties in Dayton are going for so cheap. Great investment numbers. Good luck!

@Megan Winterberg

Start with identifying a good investor friendly agent who is plugged into the community and he/she should be able to point you in the right direction.

@Bryan Eltzroth

You’ll most likely need something in writing as a lease for the new buyer if they’re doing conventional financing. So at minimum you’ll want something written up.

If you don’t think the tenants will panic-leave I would just tell them what is going on and explain that you want to give them protection in the event the new owner wants them to move out so tell them you’re going to have a month to month lease where the owner just give 3 months notice before requiring the tenant to vacate whereas the tenant can leave upon 30 days notice.

I would do this earlier than later because if you’re already in contract sometimes the contract states to not enter into new leases.

Most buyers are ok with M2M tenants in place.

@Wesley Myers Read the reviews before you buy the TV. I recommend getting a smart TV not a Roku stick type because guests will take the USB cable and you’ll be getting messages “why isn’t my Roku stick working”.

@Mindy Jensen Outdoors, exercising, sports, friends :)

If you want to go far, go together!

Consult with your agent, local property manager, and lenders to ensure your thinking is cross-checked. Good luck!