All Forum Posts by: Shannon Strickland

Even though I only have 1 STR, I use OwnerRez which allows me to require a signed rental agreement and place a hold on a valid credit card.

I previously researched solutions for a similar sound problem where I could not open the walls, but I still have not solved the problem. A solution company that intrigues me is Acoustimac.

Positive Solutions

Problem: In my county small multi-family houses are nearly non-existent and short-term rentals and second-cooking-areas are illegal.

Solution: House-hack while renting MTR to traveling medical professionals

Problem: I didn’t know the many laws of the county

Solution: A hired attorney 1) informed me that the county calls a house-hack a boardinghouse and 2) drafted a very comprehensive agreement that includes answers to your list of questions.

Problem: Interpersonal problems can be a risk. Covering a significant portion of my mortgage has been a great reward.

Solution: My four levels of vetting have helped me find quality room-renters over the last 18 months.

I think you already have the answers to your situation. If you STR part of your house while living in it, please share what you have learned from the experience.

There's a valuable thread called "House hacking at 22 - What I regret..." by Jake Andronico that’s worth reading.

@Marc Shin

Thanks for Visiting and Short Term Rental Riches both have great playlists on YT.

If you have NOT already signed up to be a Host on Airbnb, I can recommend an excellent Airbnb Ambassador who will ensure your listing is excellent. I just did that in September. It was a win-win because Airbnb pays the Ambassador and you will have a wonderful listing.

Hi @Kerry G. I found out in my jurisdiction that medium-term rentals are classified as long-term rentals and therefore have different laws. I only mention this because I noticed your mention of Furnished Finder, which is the only platform I list my MTR, and FF caters to 30+ day stays.

Wow @Patricia Andriolo-Bull! I have never had a Facebook account, but I recently learned about the value of targeted Facebook ads, so I've been considering joining. However, this nightmare of false accusations makes me hesitant.

My thoughts are: 1) Ideally, Facebook has genuine investigation resources to rectify the damage caused, and 2) I hope the Facebook group will accept your husband’s explanation. My initial instinct is to wait for the results of these two efforts, as your asset protection efforts seem to depend on them.

Additionally-Sleep a few nights in it.

This is where an STR-investor-friendly real estate agent is a rockstar for you as a buyer.

Thank you for the valuable post, @Garrett Brown! I'm inspired. Do you suggest adding a package to my digital guidebook or offering it differently? I only operate 1 house I bought this year, but I'm eager to stand out in the competition. Thanks again!

@Jean Brune

 I'm glad to hear testimony for the strategy finally. Thanks for sharing.