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10 August 2016 | 15 replies
At the end of the day, people are unpredictable and leasing anything to anyone is a little bit of a gamble.
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10 August 2016 | 9 replies
And if it's an up and coming area, they are probably in need of more Section 8 landlords, and the right low-income tenant would be thrilled to be able to just walk downtown.
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19 July 2017 | 6 replies
I'd leave it at that, unless you want to gamble regarding them taking you to court.If your contract says you provide a working fridge, then fixing it would be on you anyway.But, you can sure charge them for cleaning it - if you did everything else right.
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8 August 2016 | 18 replies
If you are not making cash flow you are gambling on tomorrow instead of investing in today.
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11 August 2016 | 33 replies
The tenants were thrilled with the cosmetics (to @Harrison D.'
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15 January 2020 | 19 replies
I don't mind research and the thrill of finding the deals, but I am trying to avoid having another "job."
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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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20 July 2016 | 19 replies
From your posts, it sounds like your guts aren't too thrilled with any option and that's a sign.
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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.