All Forum Posts by: Michele Z.

It's not a form of discrimination, but it is a potential loss of extra income in pet rent (per pet) and pet deposits. You can always be extremely picky and be looking for the pet parents that show up with a microchipped pet, happy to provide you with up-to-date vet and vaccination records, letters of recommendation for their dog(s) and an offer to let you meet the animals. A good pet owner shouldn't bat an eye at any of that, it's basically a pet resume and interview.

Obviously you would require them to have renters insurance and their own liability insurance. And you'd have the home you're renting out pet-proofed just as your own probably is. It's a potential sub-market that usually only other pet lovers would be interested in.

There are some insurance agencies that don't have breed restrictions but guessing you know already.

I just have one question though, what is a chiweenie?  LOL 

A Chihuahua/Dachshund mix is all I can come up with. I didn't even know that was a thing.  Good luck to you!

@Grant Shipman - I'm happy to do your beta or to watch a webinar and give comments if that's helpful to you. 

It's a fair point that many people do require a financial investment in order to take something seriously. But I imagine that's hard to balance with the people (and you read about them in here all the time) who spend a ton of money on training yet still never get started. But perhaps that's not the problem for the content creator, which group you end up in is entirely up to the individual. 

In our case, we have to be up and running by July as that's when the military moves us to our next location. I think that Uncle Sam's forced timeline is probably giving us the same sharpened focus that spending money gives others.

I wish you luck at that conference, it sounds interesting. I hope you'll consider writing up something afterwards to talk about your experience.

Our first try will be multi-generational as we have a toddler, I certainly hope we can find people willing to give it a go. We will be there for the first year to get things going and once we're sent elsewhere, we will hand it over to a combination of a community leader for internal needs and a regular property manager for external management. All other things would be handled digitally.

Insurance is trickier. I wanted to use USAA but discovered yesterday that in our market they have a limit of 3 rental contracts per household. I initially wanted to have 4-5 contracts (i.e. 4 rental rooms with per house) something like a young family in the master suite (initially us), perhaps a couple in a room with its own bathroom, and single community members in rooms with shared bathrooms. So I need to contact another agent to see if that's a GA rule or specific to the company.

Regardless, the first house is a place to work out systems, etc. If it works there are many submarkets within any city that I'd like to find a way to bring this to.

@Grant Shipman - Yup, still cryptic. Mission accomplished. :) But seriously, the main reason I wouldn't investing in your course is that the cost is high enough that it would kill a significant chunk of my limited start-up capital - and prevent me from actually getting started investing. But even if money were not an issue, you're still not really giving me enough information to draw a distinction between your strategy and co-living built around some kind of shared interest or belief system, as opposed to just bringing together strangers who pass a background check and want to save money.  Basically you're not giving me a reason beyond 5x PROFITS! I don't know, that's enough for the well off who have money to burn and are just chasing profits, or those who are too scared to start without a mentor.  We're just a normal family who wants to take advantage of an opportunity and make a difference in people's lives. Mainly mentioning this as a way to help you craft your marketing. I hope you are successful. This country and this world desperately needs more community. :)

@Chace Fraser  Are there usually similar issues with conventional lenders? I will drop you a DM.

@Kimberly Kesterke - I admire and appreciate you sharing this experience to help others. No one's perfect and we can all get into situations when we know better. To use your own phrasing, I think your true "stupid tax" here is losing a formerly reliable tenant because you have to evict at this point. That's how you reestablish your reputation. When he retells the story it will go along the lines of, "yeah, I thought I had the advantage... but boy was I wrong." It reestablishes your credibility in the bigger picture.  I wonder if you get stuck doing a true eviction, because offering cash for keys lets him think he still pulled one over on you in the end, in the long run, you know?

@Joe Splitrock - hmm, but what if he just had a community kitchen, and the residents decided to hire someone to cook for them? Now he'd be back in house hack territory, no?

@Russell Brazil copy that. Thanks. I also just found the strict rules for Baltimore County (but hoping that's just mostly enforced around the university), so I'll keep those in mind too. We're at least a year and a half out from that market, but I'm trying to keep my ear to the ground.

@Russell Brazil - does this mean that house hacking / house sharing is frowned upon in MD? 

@Davido Davido - thanks, I'll check out your blog post. I actually updated my keywords shortly after finding this thread. I found why Grant went dark, he's doing his own thing marketing a program to get people started, which I suppose should have been obvious from how cryptic these posts were. lol  But we'll figure it out the old fashioned way, I guess.

@Chace Fraser - what kind of TRAPS? Or can you point me toward something to read to expand my knowledge?