Diane G.
Is rejecting 3 tenants a discrimination in SF?
3 August 2020 | 108 replies
To not accept them is just a gamble on whether or not you think your applicants are not savvy enough to know they can sue you, and that is a gamble I would rather not take in a place like San Francisco.
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.
Jan Kutrzeba
Gut or sell my SFR that has constant maintenance issues?
3 January 2022 | 64 replies
I guess the main reasons I’d want to keep the house are 1) ego - to be able to say “I own a rental property” and 2) hope for things to magically turn around and one day sell for profit (gambling...)What would you do in my shoes?
Carl West
Lending my friend 5k
1 February 2020 | 30 replies
To me, one is an act of kindness, the other would be funding what equates to a gambling addiction.I'm glad I'm not in your shoes.
Krista Manna
Phone number for rental
18 February 2020 | 22 replies
If you have a high volume of calls or text (in my case, both) they will flag it as spam.
Joaquin Camarasa
What are your craziest tenant stories?
5 February 2020 | 41 replies
He became a devout born-again, ditched all his gambling buddies and started spending all his time in church.
Yi Chung Chen
newb with 2 rentals in San Jose, advice on investing $500k
23 March 2020 | 24 replies
I see it as a form of gambling.
Roger S.
Moral dilemma? Existing tenant
3 April 2017 | 18 replies
However, that's a gamble and not a good business model afaiac.
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.
Jay Walker
New landlord - Suggestions for contracts/online pmt?
8 March 2017 | 16 replies
Sorry to spam your thread.