All Forum Posts by: Zambricki Li

I agree 5%. Taking into account the context of the year I recommend going back to "normal" and not using extreme rent raises to cover losses. If someone moves out, of course bring the next person to current market rate whatever that is in your area.

@James Gibbons look at what Airbnb listings are getting in your area and how booked they are. Airdna is also cool for a quick pull. Do your own math. Beware a lot of rock star investors on here got in RE years ago when the market was damp. The returns are just not replicable-without a time machine!! No one talks about that much on BP though it is true. As an agent investor it’s not my instinct to say wait. Though maybe wait and see what happens in the next 3-5 months(I have found more deals in winter around holidays as a process). Summer is always a price bump and this year is no different.

@Shannon Ilas I have properties that I do str and switch to seasonal/work from home people as needed in off peak. I have others which are pure long term. Also an agent in CA/NV.

There is a great Mitch Hedberg quote “escalators don’t break they just become stairs”

I like to say "STR's don't break they become LTR's"

The upside is worth the risk and setup. You can get 10X for str if it’s the right location.

@Pam Smith The resolution center is set up for this through Airbnb. You don’t have to talk to the guest again, and it takes 5 minutes. You will get reimbursed for extra cleaning and damages. All love to the people who say move on (and congrats on their success) though this is a very basic feature of the app and you are covered. You don’t need insurance, you don’t need to get into the weeds on it. Just file a claim through the resolution center and THEN move on like many suggest. If they broke your wall why would you just move on? It needs to be repaired by a pro and THEN move on. If you lose a day or two of bookings you can also get reimbursed for that. These responses all have good intentions though they are kinda going off the rails IMO .

Hi, Use the resolution center, you can find it through the AIrbnb site. You can get to the review later. Focus on damages in the first 72 hours, you have 2 weeks to review. You will need to get estimates for damages. It takes weeks to get your claim paid just be patient. Follow through, stay calm, its not persona just get the estimates- however high they may be to get the space back to pre damage condition. Airbnb has policies that protect host in these cases. DM for questions if you want to get specific. Good luck!

Got it...20 acres with a few trailers, just a random guess could be ag only and the trailers were illegal.   Step one is see what you can do on the land. Zoning, building, planning take a loop through your local offices and see what's possible. I would do that first. Not every builder knows every rule in every area. I don't assume builders are experts. I have a neighbor getting raked over the coals by a builder right now. He's in real estate already so I'm kind of shocked. The zoning people are usually pretty nice if you come prepared with the right questions. Then you know in a matter of hours. (jump in your car, get off the internet!!) jk but for real I think 1st hand info is gold.

Hi, Yes, I build/create multifamily properties by creating ADU's on existing SFR properties sites. You can check with your local building department and see what's possible. I've been able to cash flow properties that would not have cash flowed otherwise. Not sure if that is the answer you seek, you may be asking about new construction and "scraping" the current structure to build multiple units /new construction. That is also possible though takes more money and time. I aim to cashflow with the smallest amount of construction. Its a manageable game for me at this time and I have a different strategy to "go big". Many roads, to each their own. Hope this is helpful!

Zambricki Li

Just wanted to say I had such  great time meeting everyone at the Lake Tahoe BP meetup.  Really great group of people. I've been an RE investor/landlord/airbnb superhost for 10 years and just found BP a few months ago. Having a crew to learn from and share experiences with, was such a treat. 

Special thanks to @Dustin Allen for the invite and warm welcome. 

Hey Cesar, I have househacked successfully for years and grown it into long term renting, vacation rentals. I love it and have even added ADU's(additional dwelling units) to single family homes to create multifamilies and build up passive income. With a little vision there are no limits. I would say the 1st step is to see what you can get as far as a loan. It will dictate your first deal. If you plan to do a 2-4 unit multi you can get a residential loan. Since you plan to househack and not flip, this will be a strong start. There is a lot of info about hard money, creative financing on the forums. Dive in though I would first see what you are eligible for with a standard loan or even better FHA(since its your first home). Figure out your DTI(debt-to-income ratio). You can run your own credit report you will need that number. I am happy to introduce you to a lender. For analyzing deals BP has great calculators and any great agent can do that for you as well it's part of our service. Seller usually pays commission so using an agents brain and experience is free. In short talk to a lender, talk to an agent, see what's possible before falling in love with houses online. You need to be ready to pounce on opportunities and create deals.

I think you should add a profile photo to your BP profile. No need to hide your smile from those giving you good advice.  I don’t have experience with c/d tenants.  Take the advice given here by those who do. Maybe buy a Chevy bolt it’s electric (which is important to you) and no one cares about it(which is also important to you). All the best!!