All Forum Posts by: Michael Riba

Great idea.

Lots of work.

Need to integrate that with Airbnb.

Sounds like (short) long term leases stacked end to end.

I'm tryin to keep it simple.

Hi Allen

The work part of it is already very manageable. Also, NJ and CA are probably very similar in terns of eviction.

There are, however, situations where someone may need a longer term rental because of damages to their own house and needs to move out while theirs is being repaired. Usually, an insurance company is involved. It would be nice to accommodate some of these requests. I have had two in the last few months.

Hi everyone

I'm kinda new to posting here so please bear with me.

I have a 3 BR house in Ventura County, CA (Simi Valley, to be more precise), which I have been successfully renting thru Airbnb. At the moment, I'm restricting stays to a maximum of 29 days due to the legal definition of "Short term vs Long term" in California.

Because I've been getting inquiries, I would like to entertain longer stays, if possible. Some of these inquiries are coming from insurance companies which need to relocate their clients temporarily due to repairs being made to their own homes. 

I absolutely don't want to get into the situation where I need to "evict" a tenant because they've stayed for more than 30 days.

Any advice here would be welcome.

Thanks y'all

Mike

(BTW, I stated the location as Los Angeles county even though the property is in Ventura county because the website would not let me show it as Ventura county.)

Hi Y'all

I'm just beginning my journey on this path, and I'm looking at a property that has certain synergies for me that might make it work. This is my first post on this forum and the attached report is hypothetical in the sense that I need to verify the rental income (any help here would be greatly appreciated). The property is in an unincorporated area, the houses are older and small, but nicely kept with large private yards, and are competing with other much newer rentals close by.

The numbers in the report do not reflect the possibility that, since there is certainly enough room here, I can live on the property in my fifth wheel trailer and self manage. (I have been living in it for over 2 years now, and although I don't want this as a permanent solution, I can tolerate it for a bit longer.) Also, I'm paying for storage of a cargo trailer which I will no longer need to store. These two items alone represent a cost savings to me of approximately $1,400/month.

I'm not sure that what I'm considering is acceptable to the county, but it just might tip the scale in my favor.

All thoughts greatly appreciated.

Mike

View report

*This link comes directly from our calculators, based on information input by the member who posted.