All Forum Posts by: Sandy Sciales

wondering how it is going with BRR mortgage?

Hi guys we have used sprout out of California, they are a bit pricey you Might be able to negotiate with them. We refinanced a rental and we also use them for an investment property loan
They have a good response time which is really key with this  process.  we’ve tried several others With promise of better loans, rates etc. only to be left holding the bag sort of speak, 

Best regards

Sandy

Hey! that’s what we did Thank the Lord we have a sweet veted couple moving in within days. Yes the rental market is strong in Wilmington,  be healthy be strong and place your faith in God alone. Be well friends

Thank you folks for your replies of genuine feedback. I am grateful for the time and wisdom you have given here on the forum. I will market the STR as a monthly, and will continue to offer the LTR as a sale or lease with option. Thank you all wishing you and your families HEALTH and safety.

Be well,

Sandy

VRBO to government officials

Congress is expected to move forward with the COVID-19 relief package as soon as this evening and your elected officials want to hear from you today. Please click the button below to share your personal story and encourage Congressional leaders to support relief for the vacation rental industry.

Click Here Email Your Elected Officials

Details:

The novel coronavirus (COVID-19) is affecting the vacation rental community in unprecedented ways, requiring immediate economic action by Congress and the Administration to support the countless property managers, homeowners, travelers and service providers.

Since the outbreak of the virus, the Vrbo team has been working with the White House and Congressional leaders to ensure the entire vacation rental ecosystem is included in any COVID-19 relief package. We are pushing Congress to provide relief for partners like you in the following ways:

• Extension of Small Business Administration (SBA) emergency loans for small businesses impacted by COVID-19;
• Tax relief for individuals and small businesses; and
• Inclusion in any Economic Stabilization Fund to
  provide loans and loan guarantees to travel-dependent businesses.
  

Please share your COVID-19 story with elected officials immediately.

Any suggestions would be greatly appreciated.

We have a 3/2 in Wilmington, NC it is a long term rental. We decided to put it for sale 2 weeks ago and asked our awesome tenants to move out at the end of April. THE very next day after putting on the MLS, the Covid virus became a very big concern here, restaurants were limited to 6, the next day schools and so on. When we tried to back peddle and keep our tenants they informed us that they are already moving to another state. I have had a meager 3 showings in week 1.

Strategy: put it out as a "rent to own" with a 5% down $239,000 asking 2 years to cash out. (on zillow?) Or put it back on the rental market and HOPE we have great tenants again.... UGH. 

What to do, what to do,

Thanks so much!

Sandy

Any suggestions would be greatly appreciated.

Our Fernandina Beach short term rental has had a last minute booking and the neighbor told the guests that they shouldn't be here, go back to where ever they came from and that the other neighbors feel the same. The guest who is a doctor incidentally, felt "threatened".   

I apologized profusely but now what?  Since all my bookings in March-April have cancelled with a full refund,  I was thinking of a Monthly, short term. How do I handle this neighbor and his hood.

Sandy

We have had a fully booked month in March and April until airbnb emailed our guests to let them know they could disregard our refund policy and cancel without penalty. Some of our guests would have rescheduled and we would have accommodated them gladly! However that is another thread for another time. 

For now, I am going to try to hold onto my properties but I ask for the advice of my fellow entrepreneurs for suggestions or help, THANKS in advance.

The house is fully furnished, 4 bed 3 bath on Amelia Island with a pool. 

Strategy: I am thinking of listing as a month to month rental until this blows over? any suggestions or ideas where/ how/ to market it this way? Any other suggestions?

Property # 2 ---a 3/2 in Wilmington, NC was a long term rental until we decided to put it for sale and asked our tenants to move out. THE very next day the Covid virus became a very big concern here in NC, we tried to back peddle but our tenants are already moving to another state. I have it listed on the MLS and had a meager 3 showings in week 1.

Strategy: put it out as a "rent to own" with a 5% down $239,000 asking 2 years to cash out. (on zillow?) Or put it back on the rental market and HOPE we have great tenants again.... UGH

I am a bit frightful I must say.

HELP 

Thanks for that I am going to use them!