All Forum Posts by: Max Whitson

Hi @Donovan Reich, thanks much...will do. Appreciate it. Yes, if a distressed property is available where the BRRR method numbers work out- then very interested. Seems like anything actually on market with Tucson prices do not work economically. Be great to connect, as I live in SD, but out in Tucson often.

Hi friends, I am in need of a contractor to remodel a triplex I own in central Tucson. Need someone experienced with working with investors. I understand the overhead costs that go into general contracting, and not looking for absolute lowest cost bidder, but also do not have time to deal with someone who over-bids because they are used to dealing with primary homeowners in the foothills, or feel like they can bury unjustified margin into a project. Any referrals/recommendations greatly appreciated! 

I have done this for the last 2 years and love it- pays for my house.  Had a long term tenant in our guest house prior, and grew tired of being a landlord on my own property. Wear and tear seems to be less with short-term, every guest has been great to deal with (as they are typically in a good mood, traveling, and spending disposable income), and I can can block out and use my own space when needed for family/friends. 

Definitely need to budget your additional expenses and time- utilities, turnover, consumable supplies, etc. With that, I am still making about double what I was generating as a long term rental. 

Definitely need to research your local regulations and tax requirements.

Happy to connect if you have more detailed questions.