All Forum Posts by: Steve Fitzgerald

@Julie McCoy thank you. I appreciate it.

I’m looking for a realtor in the Boone-West Jefferson-Blowing Rock area that has rental properties (including short-term rentals) and is taking on new clients. If you have any recommendations have them DM me.

@Adam Payne Thanks. I appreciate the insight. Are you getting much winter traffic for the ski resort nearby? We’re looking at a place east of where you are but are concerned about winter bookings because it’s a little further away from skiing.

I’m looking at a cabin for short-term rentals. Lots of local amenities for summer guests and close to a larger town. For the winter I would think that the ski resort in the area could be a draw, but it’s 40 minutes away. Is that too far?

@Julie McCoy great question. The main reason is that we want to be in driving distance from the Triangle region to enjoy the property and mountains from time-to-time. I’ve been out to Gatlinburg and it’s definitely hopping, but too far of a drive if we want to stay on the property for the weekend.

I’m looking for any insights anyone might have on short-term rentals (airbnb or Vrbo) in the NC mountains (Boone, Blowing Rock, Fleetwood, or other areas). I’m interested in buying an income generating property, but I’m not sure what the market is like. I’ve looked at airbnb rental options and there seems to be a lot, but would like some first hand knowledge from anyone if possible.

This might not be the right forum, but I thought I'd give it a try. I'm keeping my own books for now. For those of you who are keeping your own books do you typically count your principal, interest, and escrow as operating expenses for income statement purposes or do you just do a journal entry? I've been doing journal entries, but it's been throwing off my income statements. Or at least it looks to be. 

Unfortunately,we can’t move the washer and dryer from the basement. The units on the first floor were stackable and in a space built for them. Replacement will probably cost between $1,500 - $2,000 for both. I don’t believe the tenant really used the first floor units until recently. They have been using the basement units which they purchased after they moved into the house.

We've rented to a tenant for the past 3 years. It's a split level house. While we lived in the house we installed a washer and dryer in the bathroom of the main floor. There is also a washer and dryer in the basement. The washer on the first floor has apparently broken and water from the washer has damaged the ceiling below and some drywall. I'm getting the ceiling and the drywall replacement, but the question is about the washer and dryer. Both are old and beyond repair. The tenant is asking that I replace them, but nowhere in the lease does it state that I provide a washer and dryer. The tenant themselves have purchased a washer and dryer and put them in the basement. 

The question is then should I replace the washer or dryer? Or just convert the space into storage? I know I'm probably not legally responsible for replacing them, but the units were there since the tenant originally moved in. Thoughts?