However, if I tried to sell this note, I might have a difficult time doing so because there is no open market for selling notes and adding the fact that the note is in default, I might have to discount the note if I wanted to get cash for it.

For those who are charging higher nightly rates, where would you say your rates are vs comps to try to weed out the trouble guests?  

Have you tried reaching out to others who’ve used their services? 

Are you trying to hand your “friend” a 50% taxable gain that you’re going to keep?

For this situation, communicate very clearly and bluntly with the tenants and try to realign expectations so they don’t do this same with you.

It’s amazing to see how much the market has changed since then..and I remeber reading an article in Forbes that talked about how travelers often prefer unique stays with great locations.A friend of mine up in Lakewood had a client who tried an Airbnb in a condo overlooking Sloan’s Lake.

I attended the City of Binghamton Council meeting to try and defend why good cause eviction is not the way to go! 

Hello so I am in a situation that I am trying to figure out with rentals and loans.

Try interviewing at least three managers.1.

I can't speak too much about the other markets but happy to be resource for you when trying to figure out which market you want to target.