All Forum Posts by: Sam Burrell

We’re in for snow season too! We’re Early stage investors- we have a lot, looking to build some small rental cabins. 
anyone on here build new? Got any cost effective general contractors or other Tips? would love any local advice or contacts! 

We have lot in a super expensive market to build near mammoth lakes ca. We’re looking at 2 small rental structures built new. Online Q cabins are easy to permit and at least tout they are way cheaper ppsf than any other cabin or stick built we’ve priced out. Has anyone experience with q cabins? I’m afraid it’s a total scam because I can’t find anyone who’s actually build one who is cost conscious. 

super helpful to hear this feedback! we scheduled a second deep cleaner for them. 

If they do turn into disaster tenants and this was indeed a red flag for I'll be sure to update, but I believe theyll be great and have high standards for cleanliness! 

our new tenants started moving into a 50 year old house and want us to clean the place again. They're hands down the best applicants we had and I want them to be happy. they've paid f,l and a deposit. It's certainly not spotless, but theyre moving in already and its also just an old house! 

Wondering if this is a reasonable request anyone's dealt with? 

excellent feedback- thanks everyone this site is the best! 

We tried really hard to get multiple but ended up with only two bids- kind of rural area with a ton of construction right now. We went with the first one who is a good communicator that was within our numbers. So far, so good.... 

This was excellent to hear everyone's different thoughts, thanks again! 

- credit scores both great >700

- the Bs are relocating and sold their home from a way cheaper area so don't want to buy. They have stable but low paying jobs.

- regarding 10% lower rent- were already pretty low for the area and probably the best deal for pet owners. We have about five other applicants that are reasonable.

- they've already agreed to pay a hefty non refundable hold fee, security dep and first and last before move in. 

So, here's what things are looking like: there's an additional bathroom we want to add but were planning to wait for after this lease. But, these folks are willing to meet us halfway AND pay higher if it has another bathroom- so, with an extra month well have a contractor put it in - it'll pay for itself with the additional rent these folks are going to pay if they stay 18 months. 

Would love to hear feedback- good or bad! On what we decided. Thanks again!

Great points! A longer lease by just a few months would bring us into a more convenient time of year for us. We'll be talking to them tomorrow and will probably just ask to meet halfway as far as the lease. 

The difference in renters is mainly income but a few other things. A+ have over 4X monthly income and really want to live there- they like the setup and I believe will be there awhile (pets). The Bs would make just over double rent. they also don't have a previous rental reference (they owned before) and the bathroom setup is a little thin for their bigger family (3 kids one tub?) 

That is really helpful, and the direction we were leaning. I think a very similar situation. Thanks! 

That is what we're aiming for- to split the difference. I cannot stop thinking of landlord after landlord on the bp podcast that value strict tenant screening so highly! We're willing to take a hit to get someone great, but I think we're valuing great tenants too highly at this point.

And that's a really good point about the market in a year- it looks like pet friendly rentals are getting even more valuable in town.