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All Forum Posts by: Bobby Paquette

Bobby Paquette has started 58 posts and replied 174 times.

Post: What is the craziest complaint you've received from a booking?

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @John Underwood:

We have a charcoal grill and a guest insisted on having a gas grill. Our PM has a loaner they brought over just for this guest.


 They probably didnt know how to use the charcoal grill lol

Post: What is the craziest complaint you've received from a booking?

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @Andrew Steffens:

Bugs outside.  In FL.  In summer

Rain disrupted their beach days.  In FL.  In summer


 Yeah, because your property has anything to do with that lol 

Post: What is the craziest complaint you've received from a booking?

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @Dan Slaughter:

The ocean water was too brown.  This was after the hurricane in the gulf a few weeks ago.  


 LMAO, Some people 

Post: Who owns Condotels

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @Doug Smith:

That's pretty much what it is...a condo that acts like it's a hotel. The individual units are owned just like a condo, but there are very strong deed restrictions that come along with it that might limit your personal use and require you to put it into the "rental pool". A condotel will usually have on-site management that will often have a front desk like a condo for people to check in. The management company will get a cut of the action. Many if not most borrowers will think the place is a boutique hotel. We have a lot of them here where I'm at in Florida...particularly around the beaches and theme parks. Regarding financing, they are much harder to finance. Since use is restricted, they are considered "special use" and you'll need a non-QM lender that will allow condotels. They loan-to-value will tend to be lower and the rate will tend to be higher. We do it, but programs for this type of loan are limited. Does that answer your question?


 Yeah,I am tracking all of that. I am looking at people's experiences who own them. Like do they like using that in house managment, what terms they got on theirs, where they have theirs, etc. 

Post: Payroll Services for S-Corp

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @Chris Seveney:

@Bobby Paquette

Gusto


How do you like them? Seem reasonably priced at $40/Mo 

Post: Payroll Services for S-Corp

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83

Who are you using to do payroll services for your S-Corp? 

Post: Who owns Condotels

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83

Looking for some peoples experience with Condos that were converted to hotels. Lending seems more strict, like more down, higher rates, etc. A lot have managements teams in place, which seems like hotel staff still 

Post: What is the craziest complaint you've received from a booking?

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83

What is the craziest complaint you've received from a booking or most interesting thing asked to provide by a guests? I've been hearing some interesting ones recently! 

Post: Would you still do a BRRR if it didnt cashflow?

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83

If you were to get a BRRR that you could pull all of your money out and some but it didn't cashflow really, would you still keep it? I know this depends on goals, etc. But in the overview, you get a rental property with a bunch of equity in it, and if the hold time is long term, you should be fine in any market, thoughts?

Post: Bank accounts for multiple LLCs

Bobby Paquette
Agent
Pro Member
Posted
  • Real Estate Agent
  • Charleston, SC
  • Posts 203
  • Votes 83
Quote from @Zak House:

So I have multiple LLC with different EINs so Bank of America doesn't recognize me as one holder and therefore I get additional fees. Feel there service and customer experience are terrible , so looking for different options for banking with multiple LLCs . Thank you in advance (just for checking/savings purposes)


 What additional fees? I have multiple LLCs with Navy Federal and with Chase, now fees at all?