All Forum Posts by: Patrick Osterling

Happy New Year! Any goals or resolutions anyone wants to share? 

Hi Dan, sorry you're going through this. Have you tried going directly through your insurance provider? 

Thanks @Avery Robertson! Just send you a message 

Hi @Reeti Peshawaria You can try this resources: 

Build Your Bnb: short term rental & Airbnb regulations For 400+ U.S. CITIES

(BuildYourBnb.com)

That's a resource Tony J. Robinson shared a while back for your exact questions. Not sure how accurate it is, but could be directionally helpful. Then, I would recommend connecting with STR specific realtors in a given market. Hope this helps!

Hey @Francesco Ponticelli - Did you ever get any clarity on this question? I'm wondering the same thing! Thanks!

@Jonathan St.Leger I was wondering that too. That free Rentalizer tool that came with the BP membership was super helpful. Let us know if you find out what happened to it or if it moved somewhere 

Hey Trey, I get where you're coming from, and I agree with some of the other comments here. Honestly, it really comes down to finding the right bank. Talking to just 3 banks might not be giving you the full picture. When I was looking for a HELOC on an investment property, I called 30 banks before I found one that would do it. I’m sure there’s a bank out there that’ll work with you... just keep at it!

Hey @Ben Cochran

Bill Faeth from Build Short Term Rental Wealth has discussed this concept, which he calls “Return on Equity.” He has some great YouTube videos that break down the equations, strategies and how to think about repositioning equity. This is especially important if you're on the younger side, as those returns can compound significantly over the next few decades.

I'm in a small real estate mastermind group, and we all did this exercise with our own portfolios and identified underperforming properties and equity to reposition, and presented it the group for feedback. This helped us strategically reposition and continue growing our portfolios.

Thanks, Michael! We’re currently talking with a few cleaners on Turno, but wanted to reach out to the BP community for any personal recommendations.

Hey Jeff, the cleaner we had lined up had an unexpected surgery and will be unavailable for a couple of months. We do have a handyman, but since the area is more remote and finding help can be tricky, I wanted to see if anyone local has good recommendations as we expand our team.

If you know of anyone, please let me know! Thanks!