All Forum Posts by: Obed Calixte

If you are specifically targeting travel nurses, it will benefit greatly if the home is near a hospital. 

There are plenty of great renters aside from travel nurses looking to rent by the room and most will be outside of the healthcare field.

To your questions:

If the home will be furnished,  Furnished Finder will need to be amongst those that you use.

Other top platforms: FB Marketplace, Zillow, Roomster, Airbnb, Nextdoor.  Padsplit may also be an option if you want to be a little less active in managing. 

For pricing- take a look at listing nearby your home on furnished finder and FB marketplace to determine what market rents are and the features and amenities being offered. 

There's a specific forum for House Hacking.

You'll want to spend some time reading through there as it's a common topic.

The calculator estimates that operating expenses are equal to 50% of the monthly income.  50% is a rough guide. 

In the sheet for post reno: 

Gross Income: 6K

Operating Expenses: -3K

Debt Service: -4K

so  6-3-4 = -1k/month. 

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

Rentcast's API may be a fit. They have rental history by zipcode via API back to 2020. 

If you want more details, you'll have to reach out to them directly. I just have high level knowledge through previous research.

Randomly came across this but this is great.

I see you're in Jax - How did you settle on Dallas for your first build?

The property is paid off so you have options.

Based on what you’ve shared, you carrying the note sounds like a viable option.

Have you considered seller financing?

 Heard.

Thank you for sharing!

I had this same convo with a lender a couple days ago.

70% LTV DSCR or commercial were recommended options for stabilized property.

Brian, 

Thank you for taking the time to answer our questions. 

Two questions for you:

When you look back at your career- what memories bring you the most joy?

And looking forward, what's next for you? 

From the very beginning- offering lease lengths that avoid ending during the holidays as much as possible. Take clear photos while it's vacant for marketing now and future.

Provide a win/win renewal rate and lease length to keep the good tenants in their homes to a more advantageous end date. 

If all else fails and we still end up with vacancy during the winter, start to market the unit earlier prior to turnover. Offer incentives with call to action as needed. Increase time spent conversing with each lead that you get to learn more about how they view the property and implement reasonable changes accordingly.