All Forum Posts by: Olivia Lui

 Hey Olivia!

Tagging Jason here as he is currently marketing multiple commercial properties.

@Jason Matthews

@Jason Matthews

Hey @Olivia Lui, can you give more description on the space? Feel free to DM me, I've worked with some commercial brokers in BK and can point you in the right direction depending on the size. Thanks! 

We have two STRs in the White Mountains of New Hampshire.  They have hiking, skiing, snowshoeing, kayaking, tubing, mountain climbing.  It was recently rated best place in New England for fall foliage.

Mike

Thank you Mike for the feedback.  I will have about $50K in equity in this property so not sure if that is considered a lot or equity or not.  In regards to insurance, is there a any specific insurance recommended other than the standard hazard ins with loss of rents etc? 

You can sub meter which is just installing meters after the main DEP meter. You would still have to pay the bill but then you can charge the tenants using the sub meter reading. I just don't even bother doing it unless its a huge issue because if you tell the tenants they have to pay for water they will factor that into the price. Lets say there's a similar unit that rents for 2500 near you and they include water in the rent, you would have to charge less than that so what's the point? Its not like youll be making more money by sub metering. 

The only scenario I would see sub metering as something that you would want to do is if the tenants have running up the bill like crazy. Filling up pools in the backyard or having more people live there than they told you etc but then again in most cases you can just resolve that between you and the tenant.

@Olivia Lui what county?

Franklin County (Columbus) has a tax estimator so you can predict what your taxes will be based on removing the exemption and the new assessed value