All Forum Posts by: Melissa Silk

I'm thinking it may have something to do with renting it as an STR vs. having a long-term tenant. Do you know if your area allows STRs? I'd probably start there.

Thank you for the advice everybody. I appreciate you all taking the time to respond. I've got it re-listed on FF, so fingers crossed!

Fortunately he did leave the place clean. I guess I’ll just cut my losses and move on. Thanks for your responses, I appreciate the insight.

I have a small condo that I short-term rent in the summer months. This is my first winter as the owner, so I decided to try and get someone in during the off season. Being only 20 minutes from Portland, ME and Maine Medical Center, I was able to find a traveling CNA. He signed a lease for Nov 1 - Feb 4. He paid first months rent ($1650), and a security deposit of $1000, and moved in November 1st. Fast forward to November 30th, I get a text at 4am saying he had a family emergency and was going back to TX. I texted him to remind him of the rent due Dec 1st, and have heard nothing. What would you do? Is it worth it to try to collect? Or should I just let it go?

Happy Thanksgiving, Mike! Thank you for taking the time to share your insight and expertise with us.

@Jay Hinrichs, I was wondering the same thing!

Great perspective - thanks for sharing!

 Thank you! Regarding the washer/dryers, I’m not sure what brand they are. They were purchased by the guy who did the remodel, and before they were sold as individual units.

Here ya go @Bonnie Low!     

https://abnb.me/Ol1jDyIMOBb

Although I don't have anything to compare it to (this is my first STR), I think we're doing great! We closed on a tiny motel conversion in Old Orchard Beach, ME in November. I went live the first week of April, and had the summer fully booked (June, July, and August) by May. Surprisingly, we had quite a few guests in April and May, 17 nights booked in both months. September is about 2/3 full, and October is even busier! We had 2 reservations from VRBO and the rest came from AirBNB.

I also love the Whites/Lakes region in NH. I’m keeping a close eye on Conway and surrounding towns for my next investment. That area has so much to do year round, unlike the ME coast.