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All Forum Posts by: Mardochee Pierre

Mardochee Pierre has started 26 posts and replied 72 times.

Post: Nashville Tennessee ARBITRAGE

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41
Quote from @Sara Holda:

Thats disappointing.  Surely there are other options?


 I'm sorry some of this information is very out dated and hasn't kept up with what's going on. There apartments in Nashville TN. That are specifically dedicated to Airbnb like Sentral Sobro. It says it in their website and they're all over the country.  https://www.sentral.com/nashville/sobro?rcstdid=MQ%3d%3d-WOz... These buildings are zoned like hotels and have all the requirements you need to rent and make money accordingly. 

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41
Originally posted by @Charles Cooper:

@Mardochee Pierre

Look into San Pedro or Long Beach if you are thinking of doing Airbnb.

Do you deal with clients that want to do Airbnb and are you willing to talk business?

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41
Originally posted by @Zambricki Li:

California could be way more landlord friendly than it is, and the STR's are getting chipped away and capped more and more. You being a New Yorker..I recommend ATL. There is opportunity there. I recommend checking property and income taxes in the states you consider and get super specific down to the county level. It is an oft-skipped step when deciding. Z

I appreciate that , you’re speaking truth when you property taxes and being landlord friendly. Well I’d like to take a look even if I buy in Cali as a future hedge. 

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41
Originally posted by @Matthew Forrest:

@Gina Cabell Hey! I say let's go to Torrance all the time! In all seriousness the sentiment of what you're saying is correct. Torrance isn't a "vacation destination", but it is:

-reasonably priced (you can get a 3 bedroom house for $250/night)

- close to the beach or well located(West Torrance is less than a mile which is technically closer than some parts of MDR ;)  or close to the freeway and 20 minutes from all of the beach cities, MDR, Culver and a little more to SM and DTLA)

-clearly regulated and allows for AirBnb (from what I can see MDR and the beach cities make it hard to have an airbnb via disallowing them altogether, not having regulations posted at all which makes it hard to understand what the risks are or requiring owner occupancy)

I have a former coworker that cash flows more than $2500 a month in Gardena. Who wants to go there? I don't know, but if there is demand and the numbers work who cares.

@Mardochee Pierre I grew up in Queens and would love to help you make this work out. I'm not an agent and I have nothing to sell you, but I love looking at houses so if you make a trip out here and want to explore DM me and let me know if you want someone to join you. 

I should be there the second week of July. There meaning Los Angeles area. Up to 50 miles out if I have to. Hey , so you’re from Queens !!?? I got family from all over there. Saint Albans, Cambrian Heights, Jackson Heights, LIC, Astoria,Ridgewood etc 

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41

Oh no,  I’m not tied to Torrence at all. I just want to get clear guidelines to what the rules before I unknowingly break them. I’m not from Cali and this will be my first time coming out there so I’m open to any advice in regards to a list of towns I can do this in. 

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41
Originally posted by @Matthew Forrest:

@Mardochee Pierre I am very bullish on Torrance and focus my real estate investment in the South Bay (beach cities, Torrance, Gardena, PV, etc). City Ordinance 3861 has been in place since 2019 and is relatively reasonable as far as LA short term rental requirements go. I don't know anyone with an AirBnb in Torrance, but I know of some in surrounding cities and they do fine. The rentals are successful and more than cover holding costs of the property with strong occupancy and decent cash flow. Personally, I'm more interested in the exposure to the appreciation. The appreciation that we see in this area is incredible.

Wow, well the property appreciation is awesome. As I looked over the rules and regulations I see that Torrance is extremely lenient and as I did my research not thst many short term rentals are around in comparison to Redondo, Manhattan Beach and even Venice. I’m definitely interested.

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41

OH wow, well I'm used to those prices. Atlanta's single family prices can be 250k to 600k for a large single family in a decent to very good area. I assume the appreciation is in Torrance awesome however correct? Either way I'm looking at both markets due to  America opening up again. I really do like the idea of Torrance and Atlanta ...

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41

Collin do you have anything to add besides the information I don't care about?

Post: Airbnb/STR in Torrence, California or Atlanta Georgia

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41

Hey what's up guys!!I just wanted to ask some questions regarding Airbnb/STR in Torrence, California or Atlanta. I'm from New York and the rules here regarding STR are draconian to say the least. I've been looking elsewhere like Atlanta and Cali. I lived in Atlanta for 8 months and saw it was an up and coming city, corporations are moving down there and the city lenient in regards Airbnb/STR. I did stay in an Airbnb for awhile which sparked my curiosity about the city. Now, also did stumble on a city like Torrence in Cali which had at least had a 70% occupancy rate during the worst of the pandemic and is currently around that rate. STR rules and laws are also lenient there , it's 20 miles from downtown LA, it's a coastal town, not to far from Redondo, Manhattan Beach and Marina del Rey. So my questions is in regards to anyone's experience in regards STR and Airbnb in either one of these towns, What does your profit look like per month, are taxes with the city an issue, how is or was your occupancy rate and do you own your property or do you lease? If anyone has any info I would definitely like to connect and possibly do business. Thanks !!

Post: NYC Contract help

Mardochee PierrePosted
  • Real Estate Investor
  • New York City, NY
  • Posts 73
  • Votes 41

Hey BP family,

Hello everyone and hope you're having a good holiday. Just wanted to know if anyone knows of a good NYC licensed contractor that can assist in a plumbing project for a new home. My friend asked me to reach out because the contractors he has now are doing a terrible job and don't have the proper permits to finish the job. He had a " stop work order "for the longest on the property and just had it lifted. He needs someone who is licensed and has the proper permits to finish the job. Please if anyone has any information. Please reach out asap.