Portsmouth, known for its historic charm, offers higher prices but strong demand for both multifamily properties and short-term rentals, with premium rental rates for well-located properties.

Until the conditional use permit is applied for, an operator of a short-term rental is required to apply for a short-term rental permit.

Was that purchase money, rate and term refi, or cash out refi?

They are hiring a PM to act as their landlord & to deal with the drama of tenants, the painstaking of marketing, the uncertainty of vetting the right tenant, the headache of a late-paying tenant, & the details of staying compliant with local & state laws.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

This is true whether those clients were on the optional recordkeeping program or not.I don't have a lot of details and am not personally involved in this program in any way, but I have experience with SEPiraK separately and they are a quality operation.You can reach out to info at sepirak dot com to learn more. 

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.  

Hello everyone,I just closed on a house and am exploring the possibility of turning it into a mid-term rental.

I’m exploring a few options and would love to hear your thoughts on each:Airbnb Rentals: Is short-term rental still a profitable and sustainable option given current regulations?