Best,James

@Seth James, hi.

Quote from @James Martin: From memory we never had the tenant sign a form for rent increase.

Anchored in the Sandhills region, it holds significance in national defense owing to its adjacency to the Fort Bragg Army base and Pope Army Airfield.The median sold price has surged by 7.2% year-over-year to reach $225,000 ($142/sqft), with an impressive 42% of homes sold below asking price last month.

Quote from @James Carlson: @Mike S.Post your listings so we can rip it to shreds offer constructive advice. ;)Like some others are hinting at, make sure your Airbnb listing is buttoned up.

There will be lawsuits....you may win the lawsuit, but if you have to pay expensive lawyers and spend time in Texas on the defense in a hotel, with meals and all other expenses...it will not be fun.One thing you have to think about is if you are an accredited investor or hang out with plenty of accredited investors. 

I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending  on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.

problem with bigger pockets folks is they think STR is the housing market while STR is the hospitality market, as James Hamling ever said, very accurate. 

You need multiple lines of defense. 

. - Holland #2 - Best Place to Own a Home - Grand Rapids, porch.comDoes this post come across as defensive???