Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: George P.

George P. has started 253 posts and replied 1361 times.

Post: Las Vegas VRBO, AirBnB, Short Term Rental

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

I will chime in as a visitor. From my perspective, hotels are so inexpensive and are right in the middle of everything, I would not look to rent off strip. First, you aren't going to save much (if anything), second, you gonna depend a lot on transportation (either UBER or use your own car and pay for parking).

Post: how do I start in real estate with no money ?

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

UBER sounds like a good gig 

Post: Leasing homes to then sublet through Airbnb? Viable business?

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Any smart landlord will have a clause in his/her rental agreement that will prohibit subletting or require LL vetting of any subletee.

Post: Tenant changed the locks, but sent us the keys?

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Drive to the property when the tenant is there and make sure the keys are working ))

Post: Baltimore tenants

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

I suspect I am too late in the game (7 months since the last post), but I will say it anyway.

In the BCity you have to to offer the right of first refusal to the tenants

Post: Baltimore Wholesalers

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268
Originally posted by @Andrew Boykins:

I'm a buy and hold investor in Baltimore City. On BP it seems that there are a lot of wholesalers. But for investors how do you go about finding a great wholeseller? I'm looking for someone that can find Duplex deal. Thoughts? 

 I don't think you can request the wholesaler(s) to go find you a specific property (in your case, duplex).

They will bring you what they have once they have it.

You may need to look on MLS.

Post: Condo Hotels - what's the catch?

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Management fees are around 50% (and sometimes you can only choose the on-site management company for your condotel management). Condo fees are astronomical. Likely oversupply, hence selling may be very hard.

Competition is huge (the whole building competes with you). How do you plan to compete with 900 other units? On price?.... Just saying....

Post: Looking to rent for 3 months in Bethesda

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

have you tried VRBO and airbnb yet?

Post: Airbnb zoning issues Philadelphia suburb

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268
Originally posted by @John Mayer:

The local ordinace doesnt mention anything about short term rentals. It establish that a tenant is someone who lives 30 days in the property, and there is a gray area there of what it is a short term rental. 

Then what law did the code enforcer imply you broke? It was not clear in your post.....

if it's only the neighbors complaining about the noise, you should be strict with your "quite between 9 pm and 7 am" rules.

Post: Airbnb zoning issues Philadelphia suburb

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Did you check the city/county/state code regarding short term rentals before renting it out? I have a feeling that the code enforcer would not have called you if your rental was legal.

If it's prohibited, and you continue running a STR, they will slap penalties until you shut it down. Looks like neighbors are going to be watching closely.....

Sorry, but you gotta follow the letter of the local laws.....