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All Forum Posts by: Shannon Strickland

Shannon Strickland has started 1 posts and replied 87 times.

Post: Help on Several Common Questions Related to MTR

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

Our real estate attorney had us move to 7-day notices with our MTR and everyone is content.

Post: Bunk Beds or No Bunk Beds?

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

We just received quotes for STR insurance and the most specialized coverage costs a little more for bunk beds due to the ladder liability.

Post: How many deals before I can call myself a REI

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Shannon Dennis

During BP Rookie Bootcamp, we were encouraged to call ourselves real estate investors while searching for our first properties and speaking to others.

Post: STR Loophole- Huge return for me

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Desiree L.

Congratulations!

I’m guessing that you heard the amazing Amanda Han. She spoke with her husband on the OG RE Podcast Episodes 846, 424, and 370.

Post: Anyone have any luck with Furnishedfinder?

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Jack B.

If your model is rent-by-the-room, is that super clear in your listing? I treat the listing copy as the first step in screening.

Maybe you could seek input here about how your FF listing appears.

Shannon

Post: Experience with using Furnished Finder

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Mose Gebremeskel

If you search using the magnifying glass above with the keywords "furnished finder," you will find various informative discussions about this topic.

Post: Carpet or Vinyl flooring

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Mose Gebremeskel

Do you hear the people above you walking around? If so, is it at an annoying level or tolerable?

Post: Furnishing a property out of state/long distance?

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

I just looked on Task Rabbit for my area, and trash removers here charge between $34-$98 per hour. It is worth it to reach out to some in your area—ideally, they have trucks.

The excellent online interior designer charged us $600 for what we needed for our MTR. It was the lowest tier of three. We'll pay more for our upcoming STR.

Post: Furnishing a property out of state/long distance?

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83

@Mary Ainsworth

I believe you will not regret choosing to go there, especially for your first time. It took us about a week of very long days to set up our entire 3-bedroom single-family rental. We assembled everything ourselves, which can get tedious, but everything we ordered was from the shopping list created by our online interior designer who charged an affordable fee. Although she specializes in short-term rentals (STR), she did an excellent job for our medium-term rental MTR once she knew our target tenant (see our profile). You can DM me for her website if you're interested.

Having a large rented dumpster for $500 was helpful. If we didn't have at least a small-medium one, a pickup truck or U-Haul for round trips to the nearest dump would have been useful. You can also call the company you will contract with for regular weekly trash removal to see if they offer a service. A junk removal company might charge around $1,000, but you could call companies ahead of time to get quotes. The company we once hired assessed how much garbage we had before quoting us $1,400.

(As an aside, you might want to schedule a real estate photographer for your last day.)

Post: Furnishing a property out of state/long distance?

Shannon StricklandPosted
  • Rental Property Investor
  • Northern Virginia
  • Posts 87
  • Votes 83
Quote from @Christie Gahan:

Make sure you have trash service!  Order an extra can for all the cardboard boxes, bubble wrap that is gonna be coming your way.

Yeah—gotta consider garbage! For a three-bedroom single-family residence, we filled a 20-yard dumpster with packaging from furniture, decor, and appliances.