All Forum Posts by: Roger Lee

 You're right! IDK why i didnt' think of that... 

(@admin please delete this post)

Hi all,

I’ve been a long-term landlord for over a decade, then I started hosting my personal vacation rentals in 2021 and now have started hosting properties for others.

So I'm putting my services out there to see if anyone in the MA/Boston area would like to chat! The homes I'm hosting in this suburban area are exceeding expectations. I use data driven decisions, research from AirDNA, Pricelabs, STR insights, and others.

So if you have a vacation rental in New England, 2nd or 3rd home, long-term property and interested in doing Short-Term rentals.

Just reach out to me!

Roger

Hi all,

I’ve been a long-term landlord for over a decade, then I started hosting my personal vacation rentals in 2021 and now have started hosting properties for others.

So I'm putting my services out there to see if anyone in the MA/Boston area would like to chat! The homes I'm hosting in this suburban area are exceeding expectations. I use data driven decisions, research from AirDNA, Pricelabs, STR insights, and others.

So if you have a vacation rental in New England, 2nd or 3rd home, long-term property and interested in doing Short-Term rentals.

Just reach out to me!

Roger

@Avishay Kolatkar

Hi Avishay, let me know if you’re still looking for some recommendations!

@James Lauer

This is why all STR hosts need to ban together, the sooner we unite, the faster we can respond to these laws and fight appropriately.

@Joe S. My mountain cabin does not have a TV. We emphasize the unplugging lifestyle and have 4.7⭐️

I'm working on a potential investment in Meredith, NH. Looking to build a team; Property Manager, Electrician, Plumber, GC, etc. 

If you would be interested in talking, Please let me know!  

Thanks,

Roger

Has anyone used loans specifically geared towards STR/AirBnB?

With a quick google search, I've found a few companies - lodgify.com , tidalloans.com , kramcapital.com 

Looking on feedback regarding these companies, type of loan, pros/cons vs conventional lending.

Thanks!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $350,000
Cash invested: $50,000

Appraised value is at $850k after 10 years

What made you interested in investing in this type of deal?

Great location and I needed a home to live in

How did you find this deal and how did you negotiate it?

Realtor/MLS

How did you finance this deal?

Traditional Mortgage 30yr fixed

How did you add value to the deal?

New heating system and other maintenance.

What was the outcome?

Good property to hold for portfolio.

Lessons learned? Challenges?

Don't rent to friends!

@Randall Re II

You haven’t closed yet so you can pull out of the deal. I’d either hold the escrow until all the insurance claims are closed. Get a better inspection to see what was fixed before moving forward.