All Forum Posts by: Megan Blythe

 Hi Vance!

Hope to see you at one of the listening sessions! I will be going to the one on august 4th. Good to know about the AirDNA for a larger property in this area. Definitely something I will look into once I move out of this property.

 Hi Bonnie, 

I am always checking HOA regulations for myself and clients when I buy properties. But what I've found is a lot of neighborhoods don't have HOAs here in the greater Denver area. But yes, you are correct most HOA's do not allow STRs.

It does well as a STR because I have separated the basement in my house as a separate unit and the price is comparable to a hotel room. Not sure how it would do with the entire house (4bed/2bath/2k SF) vs the 2/1 that I rent might now. I suspect because of the location a house that size might not do as well with occupancy as the small unit. I'm not sure that there is the demand for large groups of people in that area considering all the draws for large groups are usually closer to Denver or the mountains. Truthfully after I move on from this househack to my next property, I will probably just turn it into a LTR.

Does anyone have recommendations for what software/platform you use to collect rent/generate leases etc? I've used apartments.com for a couple years but the rent payments sometimes almost take a week to be transferred to my bank and every month I have to move money from reserves to cover the mortgage, and then move it back once the rent hits (I'm trying to automate everything and this is annoying). I'm looking for something streamlined and simple (I only have a couple rentals and a few tenants) and I'm willing to pay for something that works. I've heard good things about rentredi but don't know anyone who uses it, would love some feedback! Thanks!

 Right?! Definitely not a party house location. The majority of my guests are so quiet I never even know when they are in my other unit.

 Westminster Colorado (a Denver suburb) as shown by the Denver location tag :)

The City of Westminster is currently in the process of coming up with short term rental regulation. They are looking for feedback from Westminster residents in the form of a survey and in-person listening sessions (link below). If you live/own property in Westminster please fill out this form or attend one of these meetings and voice your opinion on why Westminster should allow STRs. 

Thanks!

Westminster STR Survey

Great Listing! You did a great job featuring your amenities, bedrooms and beds etc, area etc. I do agree with the comment on professional photos, while your pictures are nice I could tell from looking at them that they aren't professional photographs. Getting pro photos will take your listing to the next level! I would also say that while the shots of the pool are nice the first 5+ pictures on the listing were of the pool/amenities and not of the house itself. I would have the best photo or two of the pool first to attract attention and then some nice shots of the house. Looks like a great property and you are doing a good job with it!

Since Brandon has left I've been wondering who will be chosen to replace him. I listened to the episode with Craig that was released today (559) and thought he had a lot of good questions for Stephanie. Although his voice was a little quiet from his vocal injury, I like him as host. Anyone have any idea on who will replace Brandon permanently or who'd they like to see step in to fill the role?

I'm not sure what state you're in and how the purchase contracts are written, but if you were my client in my state I would be suspicious of the fact that this leak and "repair" was not disclosed, especially if you had requested due diligence documents. As the other people in this thread mentioned you will probably have to pay for the repair out of pocket since the warranty doesn't cover it. However my advice would be this, talk to your realtor and have them lean on the selling agent and mention that this wasn't disclosed and is illegal not to disclose known faults within a property. The sellers (and possibly agent who could also get in trouble for not disclosing if they knew) clearly knew about this issue since they gave you an invoice, which incriminates them. It's not huge enough that it would be worth going to court, but maybe your agent can get them to agree to give you some sort of compensation towards fixing the A/C. Also, as others mentioned I would get multiple quotes to see how much it will be to get replaced. You might be able to work with the warranty company some as well, sometimes they are a little more flexible than they lead on, and the squeaky wheel gets the grease. I understand the frustration and hope you get some sort of solution, best of luck!