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All Forum Posts by: Scott Seydor

Scott Seydor has started 9 posts and replied 37 times.

Getting serious about finding an STR near Orlando. Is there a sweet spot for the number of bedrooms we should be looking for? AirDNA says there are 32K active rentals with an average of 5 bedrooms for 11 guests. My question is: what's the most desirable (highest demand) number of bedrooms? I've got to believe the rental pool is limited with too few or too many. Is there a magic number?

An attorney?  Ugh.  I was hoping to DIY this.  

Seems as though I've got a tenant that has to go.  Guy looked great on paper, but that quickly all went to hell.  In three months, rent has been late twice, he's refusing to pay the July late fee, police have been there three times for disturbing the peace and I'm fairly certain he's got a roommate living with him (he denies it) that isn't on the lease.  He's in one half of a duplex and has my other tenant (who is great) upset about the noise.  I'm new at all of this and haven't ever evicted anyone.  I started doing my homework on the Mongomery County, PA website and everything I found there is tailored to the tenant's perspective (what to do if you're being evicted and legal help on how to fight it).

Can anyone out there help me with the specifics of what I need to do?  Pennsylvania insights would be great, and Montgomery County (Pottstown, PA) would be even better.

Post: Should I be annoyed with my agent?

Scott SeydorPosted
  • Posts 37
  • Votes 6
Quote from @Ben Kappel:

Being an agent is like dating 20 people at one time, and each one doesn't know your dating others.  I make sure to make each client feel like they're the only one I'm working with.  But if that was really the case, I would be bankrupt. 


 That about sums it up perfectly.  

Thanks, all!

Post: Should I be annoyed with my agent?

Scott SeydorPosted
  • Posts 37
  • Votes 6

Makes sense.  She's in the business of selling houses... I get it.  

Post: Should I be annoyed with my agent?

Scott SeydorPosted
  • Posts 37
  • Votes 6

I'm somewhat annoyed, but maybe wrongly so.  Need some input from the professionals out there.  

Backstory:  We've been working with an agent that's an acquaintance (kids go to the same small school).  We reached out to her to help us find our first investment property in our local area, saw a handful, made a few offers, but kept coming up blank.  It's a very desirable market where it's tough to make the rental numbers work.  We ended up focusing 30 minutes away in a more attainable market (pretty far outside of her normal market) and ended up closing on our first duplex with her there in March.  Since then, we've been focused entirely on this other market.   

Question:  We found a triplex in this other market and told her we wanted to see it.  She jumped on scheduling the appointment (like she always does...love that!) and told me we were on for 5:15 yesterday.  It's about an hour away from where I work, so I ended up getting there early... and learned she was there showing the same place to someone else at 5:00.  Is this weird, or just how the game works?  She did tell me that if the other guy wanted to make an offer it would be through one of her colleagues, or blind.  I guess in the end, the part I'm really hung up on is that I don't believe she has many investor clients and I certainly didn't think she was representing more than one of us in this market that's the better part of an hour from where she lives.  Am I being naive?  

FWIW... we passed on the triplex.  It wasn't the screaming deal we thought it was.    

Low-ish offer went in on Saturday and we're thinking it's a long-shot.  

Quote from @Dillon Dale:

@Scott Seydor what is the median household income for the area? Monthly income should be 2.5-3x the rent amount

$25,000 single/$50,000 married