All Forum Posts by: Nathan James

STRs do not necessarily equal Arbitrage. Dependent on the market owning the property and running an STR can be a great investment.

There was a reply that mentioned spreading out the risk and that's important to the conversation because a bad guest can impact cash flow or future cash flow, however that is the nature of that business and one you will plan for.

As long as you're holding a title to a property, paying down a note and at least breaking even, maintaining and improving over time the property... that's an investment in my book.

AirBnB Austin is gonna be different beast than DFW or whatever too, find a model that is workable. We all know that there are multiple reasons to own property so if the positives outweigh the negatives and your risk in the deal is low... why not?

Run the numbers, find the value, create a viable conservative plan of action, be organized and put it into action. Also piggyback off mentors in the area if possible. Being positive will take you much further than being negative!

A solution I've had that works wonders if able is to go to the tenant, have a heart to heart conversation, tell them it's just not working out and as a result you're suffering too. 

Then offer them a grand to leave. Maybe 1500 depending on the lease/market etc. Make sure to get that cash to leave agreement in writing.

Remember real estate is a people business and you have to sometimes meet in the middle!