All Forum Posts by: Randy Cheval

Yep @Trent Reeve, I think I'll get one just like that, but through Amazon. I trust that you like it given that you say that you have one. Thanks,

randy

The STR is in New Orleans, BTW. I don't think I'll have the time to find something used since I'm doing most of this remotely.

Thanks for the tips and suggestions @Andrew Steffens and @Michael Baum. Hadn't thought of the Murphy bed option. And I didn't know that there even was an option for a cabinet form. I'd like to go with the cabinet option but there's not enough room for that and a couch. I'm playing with the idea of the Murphy bed cabinet with two accent chairs.

Hi, I'm converting a one bedroom apartment to an STR. I would like to offer a place to sleep in the living room but I'm not excited about the options I see for sofa beds or sleeping sofas. The sofa beds look like they have very thin mattresses and do not look like they would be comfortable. The Sleeping sofas look more comfortable but they don't look like the sizes match standard mattresses dimensions. I'm also I'm concerned that with sleeping sofas, users would have to put on (and take off) the bedding every day. Users may decide it's too much trouble and sleep directly on the couch leading to stains.

All options seem pretty expensive. What are others doing to add a sleeping space in common areas?

I'm shopping and ordering online given that my apartment is out of state and I'm flying in to set everything up. I won't have time to shop for things in person. Thanks. 

No special sauce @Mike Grudzien.  I won't be out-marketing anyone. My brother is a musician and knows lots of people that come to town to visit. My first guests -- associates of his -- need a place for 2 weeks. 

Thanks @Michael Baum, PMing you. 

I'm converting one of my apartments to an STR and wanted to know if anyone can point me to an appropriate rental agreement/contract I can use. To start out, I'm finding renters on my own and am not renting through AirBnb or VBRO. Thanks.

Hi anyone with a recommendation for a tax expert experienced with handling proceeds from a lawsuit involving defective building material. The property is a 4-plex. The proceeds are for damages caused from a Chinese Drywall class action lawsuit. Most tax folks with experience on this topic would likely be out of Louisiana or Florida. 

Thanks 

Darnell, were you able to find a good tax attorney for your redemption? I've invested in tax liens in New orleans but none of mine, to date, have gone the distance needed for me to file for quiet title. I have, however interviewed an attorney that specializes in this area and I intend to use him if any of my current liens go un-redeemed. PM me if you want his contact information.

randy

Hmm, That's not really worth it to me. I think I need to try to think of another approach.

I'm selling a lot to someone that wants to buy in installments because they don't have enough cash today to buy.

I'm willing to sell on time and carry back a note and was wondering what you guys suggest for an interest rate.

They will put down $3,000 and I will finance the remaining $7,000 over 1 or two years. Purchase is for a vacant lot next door to the purchaser.

What interest rate is typical for this?