All Forum Posts by: Marie Grabo

They are short term rentals @Marie Grabo. :)

I would take some time and check AirBNB and VRBO directly and see what others are charging nightly, what their amenities are and what their calendars look like.

You can compare that with the AirDNA results and get a better idea.

Hi BP Community, I need some feedback. Currently, I have B & C properties, 8 doors and 2 renters are struggling to pay rent and a vacancy. I've used up all reserves in 2022 for the vacancy, maintenance, and late rent. My HELOC is maxed out and we can't save any cash as we spent it on the mortgages in 2022. My wife and I work full-time jobs and I took on other work to subsidize the mortgage losses. I'm an out of state investor in KCMO market.

What can I do in 2023 to continue investing?

Try local banks or credit unions. I know Mountain America Credit Union has a 90% LTV portfolio loan for 1-4 unit properties. I am unsure of all the states they cover though.

I recently launched an STR in Connecticut and so far it's going well. I am using Evolve a property management company. However, I am the guest contact so I am planning on letting them go because for what they do it doesn't justify 10%. Has anyone used them and then let them go. I'm curious to know how the process goes.

I was looking at a few places in Branford around the corner from Lenny's within the past few months with water views that might make good STR's, they were pricey but prices are starting to come down. Not sure if Branford has any restrictions STR's, it's been on my list to follow up on that.