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19 January 2021 | 28 replies
As both a short and long term rental owner I’ll just add a few words of caution here...AirBnB and other vacation rental sites like HomeAway are great for the purpose they originated: short term rentals, but they offer minimal protection for the concerns of many owners needing to secure their properties for longer lease terms.As a traditional property manager I’m far more interested in ensuring I pull a full criminal background check, speak with a potential tenant’s present and prior landlord, confirm consistent employment/income sources for > 6 months, and ensure a potential tenant has a track record of paying other bills they have agreed to in writing like credit cards, car loans, and others.On the contrary, at best AirBnB/HomeAway/others give me the following info on guest/tenant: a blurry selfie (that could be their dog)confirmation of a non-specific government IDconfirmation of an email address I can’t seecurrent city/state of residencelist of reviews by individuals running a different AirBnB (that I have no way of confirming is not the guest’s best friend)Property insurance secured by (and in the interest of) someone who is not meWhile I’m OK with taking a gamble on unknown guests using my property for short term stays, stays of longer than 1 month generally involve: Someone looking to move significant belongings in with them (that I cannot legally remove in most states)Moving in for a period of time they’re generally unable to pay for entirely upfrontTenants receiving access only after a legally-executed lease, criminal, background, credit, and income check that’s par for the course in a professional, term stay arrangementEven beyond the blatant lack of risk mitigation tactics common in long term lease agreements, the fact remains that many STR platforms are also skimming 10-20% of gross revenue off the top of owners’ profits for little beyond the initial SEO and payment processing.
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27 June 2018 | 89 replies
Another tactic that can be used to push out a bad tenant is Notice of Increase in Rent.
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16 June 2016 | 51 replies
I usually find that this is a stall tactic.
24 July 2016 | 29 replies
South of Boston we can get high efficiency FHW units installed for much less than the "new heating systems will sink you $10k and wipe you out" scare tactic excuse people use for not investing, not sure how that cost translates to NY.
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28 July 2016 | 11 replies
and after waiting weeks for a tenant to return the lease, changed my tactic.
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10 March 2017 | 33 replies
I wonder if you can sue her in a separate action for costing you money with fraudulent delay tactics.
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15 June 2016 | 18 replies
There are certain tactics that must be used to get that initial weekend frenzy going.
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7 April 2017 | 72 replies
. - Just want to be clear that it was never my intention to "lure" people into viewing my post by using "click-bait" tactics.
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18 May 2018 | 51 replies
This is an interesting case tactically...The house is scheduled to be sold in six months and demolished thereafter on an uncertain time frame, perhaps almost immediately or maybe six months later (during which I have the right to benefit from any ongoing rental proceeds).