All Forum Posts by: Ryan Moyer

 This is what my header looks like on USBank currently.  No idea what "Couldn't load component" is supposed to be, but it's not something you expect to see on the website of a $66B company, and is the kind of thing that just pops up all over the place all the time.

Currently when I try to open the "Transfers" page to initiate an ACH transfer I get the error "The system is temporarily unavailable" which I've had for the last 3 days.

Just stuff like this, all the time, on the website.  I appreciate that they're trying to modernize it (and it looks much better now than it used to) but it's just constant stuff like this popping up.

Wouldn't it be pretty trivial to take an existing pro-forma and just add this one field to it?

I think people have pretty well nailed it on the head here.

I don't have a problem with people terming it "MTR". Even if it's not a legal term it works fine as a distinction of something between STR and traditional true LTR in practice.

I'm not sure why you think there's something you have to be "missing" here or what sounds "too good to be true".  This isn't like the early days of STRs where people are buying a few and getting rich off of it.  MTR doesn't really promise too good to be true returns.  Maybe a little more than LTR, for a bit more work than LTR.

I think once you factor in the cost of furnishing and utilities (both of which would be paid by the tenant in traditional LTR) as well as vacancy (it's typically not nearly as easy to find MTR tenants as a lot of people imply) the returns are probably similar to LTR, maybe a little better.  One nice advantage is you'd have eyes (and cleaners) on the place more often than LTR, where you don't know what kind of disaster you're going to be walking into after a tenant has been in there for years.

So yeah, it's fine. Just because influencers have jumped on and started pumping it to make a quick buck doesn't mean it's bad. Perfectly fine strategy with reasonable expectations. If you're already buying the place you can try it out and let the rest of us know how it goes, as most of us don't really have much hands on experience with it to compare it to STR that we're very versed in.

I've been using US Bank for the last year and am in the process of transitioning out of it now.  Their website is just a constant slew of issues.  It used to be really bad, they've finally updated it within the last couple years to upgrade from the 1998 style to about 2005 style, but technical issues are rampant.  Yesterday ACH transfers were down all day.  If you use any automatic reporting or wealth management (stessa, personal capital, mint.com, etc) its connection to them CONSTANTLY breaks, and all those sites note that issues with US Bank are constant and don't recommend connecting it.

Just my experience.  I only stuck with them because they also hold a few of my mortgages so it made it easy, but I decided to move on.

I am currently trying out Stessa Cash Management and Baselane.

They both operate the same.  Unlimited accounts you can spin up with a click.  A little less than 4% APY on your active checking account (which can really add up).  Each account you spin up can have a debit card that earns rewards, foregoing the need for a credit card and a bit easier for your accounting (since the money comes out of your account in the same month you spend it, not the following month).

Automatic transaction tagging, reporting, etc.

The main downside I've found so far is no Zelle and no physical checks.

Like others have said, this is probably true technically but not in spirit.

Airbnb's algorithm is even more opaque than Google's.  No one really knows how it works.  But it's widely accepted that it likely focuses a lot on interest/engagement, similar to social media platforms.  In that sense conversion probably does matter in the same way that someone seeing your post on Facebook but not liking/commenting on it is bad for the post's reach.  But it's unlikely that 1 measly view occasionally will have any tangible impact.

Generally the big box shops aren't the way to go in that area.  I would look at a more boutique place that's going to spend more time and energy on your place rather than your place just being another home in the blender.

Collin H and @Leslie Anne Morris come to mind.

 And now that I think of it, it's really everything, not just travel stuff.  Even if you go to walmart's website and go to a particular product page or your cart it doesn't show you the true price including tax and shipping until you get into checkout.

It's interesting that all the vitriol is directed at Airbnb for this when basically every website in the country does it the same way.

Maybe I'm confused.  I'm definitely not a financial advisor, so maybe I'm missing something.  But why would you pay off 3% loans just so you can take out a new loan on that equity at a much higher interest rate?

I think you need to make a decision on whether you want to buy additional properties or not.  Not just now, but ever.  If so, it doesn't make much sense to keep aggressively paying down cheap loans when you know you'll likely want to access that money later and have to pay a higher interest rate for it.

You can literally put the money you're using to pay down the loans into a fully liquid money market account right now that makes more than 3% interest, and retain complete access to the money at no cost when you want to buy another place.  So why is paying down the principal on the two non-commercial cabins even on the table as a consideration?

 Yes, I still think it's worth it in spite of that.