All Forum Posts by: Nathan Rice

Ironically I stayed at one of these in San Antonio Texas back in 2015! If operator lives nearby it could be a very profitable way to make some profits!! (Same setup I should say. Guy marketed through Airbnb through.)

Paul, I have an Airbnb business with multiple locations and have been hosting since 2015. I understand your concern about the appearances of neighbors hanging around outside. I'd recommend disclosing that fact about your neighborhood (gently and tactfully) in your Airbnb listing description. I'd imagine the nightly rate would be lower than STR prices in a higher-end neighborhood so guests shouldn't expect high end for the lower rate. I have a listing in East Austin, TX which is currently undergoing a major transformation so it can be scary for some folks. I've only had one guest refuse to stay there because of this. She stated she is from the burbs and wasn't comfortable. She forfeited her nightly rate (rent) and the cleaning fee. Since she didn't use the property we canceled the cleaners and pocketed her cleaning fee. So, sometimes it works out for the better.

@Alan J Mowder for brand new agents with very little real estate experience you’ll probably wanna go with a brokerage that offers tons of training. If you just wanna do non traditional deals speak with Angie Francis at Stepstone. TY for your service.

You could always partner with someone who has all/part of the down payment and job history to get the loan. Also, there are loan companies out there that will loan based on the income of an Airbnb property. If you qualify for an FHA loan the down payment would be significantly less than 20%. You run the management and split the profits (and possibly the equity too) with the partner. Airbnb profits are much higher than long term when you run the business correctly.

Depends on your goals but financially speaking: yes, furnish it and list it on Airbnb!! When I furnish a 1 bedroom on Airbnb it's normally about $5k on furnishings and supplies - which I get back in five months because my properties normally cashflow $1k monthly profit. But @Aaron Bihl is right, it's more work than traditional long term rentals by far. So again, depends on your goals for your time also...

It's a solid program. Took it years ago. Still benefitting.

A lot of homeowners ask how market value of a house. It's complicated and takes a lot of time and fine tuning; but, here's a general idea how we determine market values:

http://zippyhomebuyer.com/how-buyers-determine-the-market-value-of-a-house-for-sale/

WS Deal = Wholesale Deal

Wholesale Assignment Near Austin, TX

New opportunity in Elgin, TX. If interested contact Nathan Rice @ 512-270-6008.

Here's a blog I wrote about a few things to consider when renting out your house for the first time.

http://zippyhomebuyer.com/should-i-rent-out-my-house/