Jennifer Maiolo
Long Term AirBNB Rental
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.
Denise Evans
Tenants and Animals
24 July 2016 | 37 replies
Really, I have to agree with Greg on this one, as far as it being easy to deny them, and from my personal experience, it's worth the gamble.
Sam Leon
Tenant wants to break lease and has a friend to inherit lease...
23 May 2016 | 28 replies
Or, the Landlord can take possession and charge them rent until he finds a new tenant.Requiring giving the tenant the choice of a termination fee or gambling on the other landlord options, is actually a tenant-friendly move for FL.
Terri Mccullough
Nightmare tenant
10 March 2017 | 33 replies
I wonder if you can sue her in a separate action for costing you money with fraudulent delay tactics.
Ana Marie B.
Interesting Anti-Landlord Ordinance Approved in Seattle
7 April 2017 | 72 replies
People who earn their living from gambling, for instance, tend to spend a little differently that people receiving child support, alimony, social security, etc.
Donna Hempel
Landlord worst nightmare scenario- Need advise
23 January 2020 | 25 replies
I found an article where State attorney sued his previous company and fined up over six figures for fraudulent dealings - I won't go in details to protect the identity.
Filipe Pereira
The End of Fake ESAs / Service Animals?
27 January 2020 | 23 replies
Some people have abused "the system" (or lack thereof) resulting in more difficult environments for animals who are actually working for their handler.Here's to hoping that this is the beginning of the tides changing for property owners and the beginning of the end of fraudulent ESAs and the like.See this BBC article.
Maurice Smith
refinanced my loan , need advice before closing
16 January 2020 | 14 replies
A 720 probably would have got me a slightly better rate, but I didn't want to wait and gamble with the market if rates went back up higher.
Fay Chen
I bought a lemon. How do I get some of the money back?
13 June 2016 | 17 replies
Hey @Fay ChenSorry to hear about the situation.If you believe that any pertinent facts (like that there will be a pool on one side of your yard every time it rains) were fraudulently misrepresented to you; by all means speak with an attorney.
Nick Brubaker
Best Buy-And-Hold Markets Long Term
5 August 2016 | 103 replies
Some of us have done well in California, not by gambling or being stupid, but by picking up bargains when they present themselves and sitting the market out when there are no deals to be had.