All Forum Posts by: Ryan Hilbun

Thanks everyone for all the great info. I'm looking to turn a condo in AZ into a VR. I may have missed it but, do these programs (Airbnb, VRBO) interface at all with reservations? When a property is booked on Airbnb, do you have to go in and block the dates off on the other sites it's listed on?

learn, apply, hustle

     @C.J. Baumann I'm active duty Army and manage two properties out of state. Message me if you'd like to discuss it further.

local banks are often the best to work with when it comes to REI, but they don't always know all of the VA rules. At least that's been my experience with the two houses I've bought with VA loans. Just make sure you do your homework, they have a lot of info on the VA's website.

Good Luck!

Is the expected monthly rent different with and without the cased opening?

There's a lot of options to consider when updating a rental and there is a fine line between over and under updating. Maybe the house is in a neighborhood that the prospective tenants could care less, or maybe those extra improvements could be the difference between a higher class tenant and a lower class one. Its hard to tell without knowing all the details about the house and the kind of neighborhood its in.

Based on the information you gave and the cost of the opening, I would probably do it. It may give you more peace of mind in knowing you are renting out a property that you put in thought and care for what the tenants may like.

Ultimately I assume you want an open concept when you try to sell it, so it may cost less to do it now than pay for it in the future.

 I like MMM because he focuses more on finding happiness not in what we have or experiences we pay for, but in our relationships and the ability to find happiness with less. He is a bit too frugal for me sometimes though. 

I often feel the same way about letting go of money. I don't have a problem with something being expensive. If it's something I feel I need, I do my research and try to find the best value I can. I guess I've just gotten into a mindset that things most people see as necessities, I see as luxuries. when I look at it that way, it's a lot harder to let go of my money. I don't think that's a terrible place to be because in the long run people like us will be far better off than most of the population. However, I do think you need to find a healthy balance, something that I'm still trying to find. 

I have two suggestions:

1. Accept the fact that you're weird and most people aren't going to understand you.

2. Give- find someone in need and help them or give to a charity, it feels great!

Oh; Exponential Wisdom with Peter Diamandis is also really good!

My first rental was purchased as my primary residence. After some renovations, I moved a year later due to job relocation and have had the same tenants in it for the past four years.