All Forum Posts by: Sherylyn Holden

@Jeremy R. Agreed! Enforcement was definitely lacking in the past. I hope this brings some good for the city. Good luck to you too!

San Antonio has been one of the cities with the largest increase in short-term rentals in recent years. Given this, the city of San Antonio has changed their short-term rental rules and regulations. Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.

Quick Overview:

- The cost of application fees has increased

- Platforms will remove listings without legitimate permit numbers

- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)

- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)

- Updated Party Prevention measures

My Take:

This should weed out some hosts that have not been abiding by the permit requirements. The fee increase for the permit was not exorbitant so that likely won't be a deterrent for professional hosts and investors. Having the platforms remit the taxes should ease the burden on most hosts having to do that each month currently.

 Hi Zach! I recently have steered away from the arbitrage model and am looking towards the full ownership business model. 

That's what I'm getting too... I assume you didn't end up starting a Converse STR?

Hi everyone!

I've heard a lot of mixed reviews about the STR community in Converse, TX or near there. Can anyone share their experiences? Ive seen a lot of up and coming apartments and houses being built in that area, which will lead to the value of properties going up. Is this a good place to invest in?

TIA!

Hi Shawn! I'd love to learn more about wholesaling. I have been doing STRs in SA since 2019. Hope to connect!

Hi there! If you do end up going the STR route, I have been running STRs in San Antonio for the past 4 years, and I am a licensed agent, so let me know if I can answer any questions for you (:

Hi Frank!

I specialize in the Northwest side of San Antonio. I have some rentals along Kyle Seale and 1604 and Bandera and 1604. It is suuuuuper rocky out here, so that means there is minimal risk of foundation shifting. I talked to a foundation specialist once to come check out some cracks, which were entirely cosmetic, and he said he has NEVER had to repair anything on this side of town due to the rocky terrain. 

This side of town is a little pricey though.

Hope this helps (:

Hi Dallas!

I think securing a home using a VA loan is a great strategy for a house you will be living in for several years. Not only do you have the obvious 0% down, but you also are entitled to lower interest rates and lower closing costs. I also know of a program called Military on the Move that gives you a 20% rebate on your agent's commission at closing.

Once you are ready to BRRRR, then you can look at strategies like applying for a home equity line of credit (HELOC) to provide your startup capital. If you decide to sell your home, there are options such as using a hard money lender. Most hard money lenders cover 100% of the renovation costs.

If you have any other questions, feel free to message me. Hope this helps (: