All Forum Posts by: Nadia Hale

 @Jay Breitlow, I am interested in Storey Lake , specifically the 8 bed. Would much appreciate if you could hare which 3 floorplans underperform? any info you have on this would be so helpful as these dont come cheap! Thanks

Hi Bryce

thanks so much for your help! We have stayed in an airbnb within the last year in Lake Placid proper that I see is rented out through the year......are the restrictions fairly recent? 

What areas outside of town would be amenable to an STR?

When you say 50 miles, does that mean owner or manager or even someone who acts like a cleaner.handyman could be in that radius?

Thanks again!

Hello All, we are hoping to find a 2-3 bed in lake Placid NY. We love the area and think it is all year round market as people go for skiing in winter and fall and summer are great too with hiking trails and the lake.  

Has anyone had experience owning there and what has their experience like? Thanks!

I’ve asked for the full report . Hopefully that will explain the really low score. The utilization is 95% . Zillow app bought in just 2 years of credit history . Thanks everyone 

Good point , we haven’t asked yet , hesitating as was t sure if that was too private a question? If it’s customary to ask , we certainly will .

It’s a really nice property so it’s close to $2.8k

He’s been at the job at a good position for last 10 years at a company in the area . 

Hello everyone 

In need of advice again from experienced folks out there . We have received an application from a tenant who makes $200k a year gross , two people -wife stays at home. They pay all thier bills on time but credit score for the main applicant is 619 due to $90k in credit card debt and high utilization rates . However as far as I can see they have no late payments and meet them 3x income rule . However I am worried about that credit card debt increasing and causing issues . DTI is close to 47%. they've been in the area for a while and we will check out the landlord history bur assuming that turns out ok, what do you think - should we accept? Look for more documentation ? Or pass ?

Thanks in advance !

Thanks Joel, we had that experience when we stayed in Champions gate - but it didn’t seem to deter folks, as the property was packed . With the golf course and new community , maybe folks just factor in the time issue in their plans like we did ? 

@Shawn McCormick, will message you to learn more . Thanks for the input !  

@Jefferson Brown 

@Ryan Moyer

Thanks so much for that input . I agree that post covid the wont up demand has been tremendous and will die off at some point so just thing something or anything won’t cut it in long term . That is why I am trying to figure out what it takes from the community itself , to what kind of investments required to be successful ( game rooms arcades etc.)- my guess is anything turnkey is either not being sold as it’s doing great and so what’s on market is probably overpriced and needs work either in terms of updates ( like Windsor hills) or in terms of additions like game rooms and arcades .   still in feasibility stage so anything you guys can share in terms of where to buy, what kind to buy and what absolutely needs to go into it to be successful would be great !

Also, do both of you self manage or use property manager ?