All Forum Posts by: Sam Liu

Good to know! Do you recommend going with LTR without furniture? My other LTR is actually doing better than this STR and needs less attention. But we put a lot of effort into getting this STR ready, and I'm not sure what to do with all the furniture. How did you handle the transition from STR to LTR?

@Collin Hays @Michael Baum @Carolyn Fuller Thanks for sharing the information. Very helpful!

I posted on Furnished Finders. The price point they are looking seems lower. Has not got much tractions yet. 

I have a STR house in a resort town, but the city's new stricter policies have really cut into my revenue. I'm thinking about switching to MTR/LTR with furniture included. In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR. Has anyone else made this switch from STR to MTR/LTR? Did it lead to more damage to the furniture/property and end up lowering your ROI? I got an inquiry from a family with a mid-size dog.

I have a STR house in a resort town, but the city's new stricter policies have really cut into my revenue. I'm thinking about switching to MTR/LTR with furniture included. In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR. Has anyone else made this switch from STR to MTR/LTR? Did it lead to more damage to the furniture/property and end up lowering your ROI? I got an inquiry from a family with a mid-size dog.

 I challenged the attorney with all the facts I found. They came back to me and said we could get writ of possession immediately. Although it took another two and half week for them to get the real writ of possession served, the tenant was finally evicted early April. Now the house is going through re-hab, no big damage, but all carpets and walls are very dirty. If I sell it for my target price, I won't lose money. Otherwise, will lose money..... so far, the worst investment I've made. 

 I think I saw that post before, but it was about "difficulty selling rental properties at loan amount".... there are like 9 pages. Not sure which part you were talking about. 

Yes, another strange experience I went through. I'm just too "lucky"... :(. Also, I have a full-time job just investing when I get time. Definitely not a PRO. But there are not many good choices in this seller market, either buying REO required a lot of work, or investing out-of-state. However, that house turned out to be a good investment, given the soaring rent and house price in Bay Area. We just needed to do a lot of work to get it ready for rent.

My friend offered to help me find another attorney because she felt bad getting me into this situation. but not sure if it's easy to switch attorney....