All Forum Posts by: Monica Pittard

I use Avail for my state specific lease. But consulting your attorney is definitely a smart move.  

I’m listed on FF and in the FB group. I wouldn’t worry too much about not being in the group, but every little bit helps. FF is run by a small group of people. I bet if you called them and told them you got denied, they would get that fixed. Katie Lyon is their marketing person. You can find her on social media. She is super nice and responsive. 
Good luck!!

Try Hiscox Inc. 888-202-3007

Does anyone know, if, as a Realtor, can I do property management (specifically MTRs) through rental arbitrage? In TN, to do property management, I understand that I would need to be with a brokerage that actually does property management in order to manage any property that I personally do not own. But what if I leased the property and turned around and sub-leased it...ie, rental arbitrage. 
Thanks! 

First off, full disclosure, I have my MTR on FF only. I decided not to list on Airbnb because of how impossible it seems to be to deal with them if an issue arises. That said, I require my guests to have renters insurance and name me on the policy. It is very inexpensive and also have not had an issue with the requirement. I feel like FF guests expect it and I can see how Airbnb guests would question it since the rental process is entirely different. Bottom line, IMO, rentals over 30 days should have a lease, deposit, background check, and renters insurance…Airbnb just doesn’t lend itself to this approach.
Best wishes! 

This is great info! Such good questions. I can see how opening a pricing dialogue would be helpful especially if you have multiple properties. In my case, I only have one but I do know lots of operators in my area I could refer to if I’m not a fit. With my current tenants, I was contacted through Furnished Finder so the housing provider already saw a price. This is another point I have trouble navigating. I’m sure I’ll get more dialed in pricing with more experience, but man it’s slow going to learn! Lol

Thanks again for your input!

Thank you! 

Hi Cole! Thanks for taking the time to reply! I currently have insurance tenants in place who happen to be my first tenants in my MTR. Honestly, I didn’t know anything about the whole insurance aspect of renting. I just priced my house what I thought was appropriate for a furnished home. Now that I’m in to it and have had time to research, I feel I’m under priced. I understand what you said, but based on that, I feel as though I’ve shot myself in the foot with pricing and set a low precedent for the value of my property. Ugh. What do you think? 
Thanks again!