All Forum Posts by: Simone Montague-Jackson

Hey everyone, 

I'm renting out my entire house, but I wanted to try and rent out the space myself to save on property management costs since the rental rate I wish to charge is a bit higher than the rental rate area. So, my plan was to rent out each room and use an online property management platform. But I feel this might be harder than I thought because within our current market, I'm not attracting tenants like I used to (This could be due to mostly using Facebook to advertise my house). 

I'm currently in Austin/Buda area and want to know if there are any property management companies that deal with separate tenants OR someone who is managing their properties on their own and using other methods to attract tenants. 

I'm open to both and truly need help because I'm unsure what's going on. Just feeling lost and need some help. 

Thank you BP community. 

Hey there, 

Thank you for the information. I tried using PadSplit, but it doesn't operate in my area. Otherwise, I would definitely use it. 

Hey everyone, 

I'm located in south Austin, TX and planning to rent and manage my first property by the room instead of the entire house because the rental rate I wish to charge is higher than the average rate in the neighborhood where my property is located. 

Currently, I plan to get landlord insurance, require renters to get renter's insurance, and make some minor improvements and repairs in the house before fully moving out. 

I'd like advice on the best way to manage my property (I will use Innago for collecting rental payments), obtaining landlord insurance, tax write-offs, and maintenance. 

Thanx BP community :)

Hey everyone!

I’m currently house hacking and planning to buy my next property in about 6 months. However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).

I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.

Specifically, I’m curious about renting out individual rooms and living on my own for a little while. Nothing is set in stone yet, so I’m open to suggestions on how to navigate this situation.

Thanks in advance, BP community!

The podcast is called "all-in"?

Hey everyone, 

I was researching financial and real estate podcasts aside from bigger pockets that discuss the market condition in the US (and maybe the world). But there are too many to choose from. Are there any you all would recommend ??

Lastly, had anyone heard of this website ?? If so, are you, or someone you know, investing ?? 

https://fnrpusa.com/landing-aff?utm_source=wisepublishing&am... you! 

Thanx everyone. I have a photographer lined up already to take professional photos of my place. I'm going to get some stuff from Goodwill and Walmart this week to dress up the room and put artwork on the wall. 

I've tried advertising on Zillow and didn't get much attention with the current rental, so I may just use airbnb and furnished finder for now VRBO won't work since I'll need to rent out the entire place, and I'm only renting a room. 

I currently use Innago, which helps me use and distribute applications, lease agreements and roommate policies, collect rent, security deposits, and has an accounting system. So, I'll probably continue to use that platform. 

MY OTHER COUPLE OF QUESTIONS:

1. Do you all have tenants that rent pas 28 days only fill out a lease agreement or do you also have them complete an application?

2. Do you require a security deposit?

3. How do I prevent someone from staying past their stay without pay? Is it through the lease agreement? Will I need to call the police?

4. Does Airbnb and other platforms have a good screening process?

Hey everyone, 

I own a SFH in Buda, TX (close to I35 near South Austin) in a vibrant and safe neighborhood. Usually, I rent my rooms for long-term rentals with a minimum 6-month lease. However, I've been having difficulty renting one of the rooms because I've noticed some of the potential renters are either super particular, end up wanting to live on their own or with one other person (I have one room currently rented), flake, or come up with an excuses for not meeting with me.

I've decided to explore mid-term renting through Airbnb, but I'm unsure of the best methods to get started. Initially, I didn't select this route because I'm not located in the central part of Austin, but I would like to give this a try since the room is fully furnished, but will require some bedding, artwork, and a desk.  However, keep in mind, the renter will need to share a bathroom with the current tenant, and I've spoken with her about this, and she's fine with this arrangement. 

First, I need to learn how to protect myself and my current tenant against some of the issues I've seen online where renters will stay past the date they're supposed to leave. Second, I'd like to know any specific marketing tactics and methods to screen potential renters. Third, I'd like to know what data I need to collect in order to write this off on taxes. Four, I'd like to know any additional information that will be helpful. 

Thanx BP community in advance for any advice you'll give. I've gotten such great help from this community, and I've learned so much so far. 

Thanx for responding, and I'm glad you're in the group to answer my questions. Also, with the investment, is there a monthly ROI or is the money simply held in the syndication?

I've experimented a bit and realized that I need to post every two days and ensure the craigslist ad is up to date as well. I'm getting more people calling me, and they're professional women who just need a cheap place to stay and don't wanna live alone. 

Thanx everyone :)