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6 April 2020 | 10 replies
@Dan Stephens and @Uwe G.I went through an exhaustive search around a year and a half ago looking for a management company.
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6 June 2020 | 4 replies
Once you exhaust that you will need to network and advertise for new investors.
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30 March 2020 | 5 replies
Current craziness not withstanding, @Josh VanVoorhis, there are a few ways to come at this.
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24 April 2020 | 125 replies
Because my other long term rentals are doing so well, I can afford to withstand this crisis as I have lost 5 bookings so far.
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30 March 2020 | 7 replies
We’ll continue to work closely with our Tenants requiring them to provide proof of unemployment in connection to COVID-19 and will keep offering them Credit Card payment options, other options and ensure they have applied for unemployment and once those... all of those options have been exhausted we will then attempt to work out some type of deferred payment plan for those that have been great tenants.... but let’s be honest... it’ll be much easier for a Tenant to simply walk away and end-lease after the moratorium to avoid bringing their end of the bargain and balance to zero... which is why most LL’s will be wise to it and will deny and avoid future tenants which ‘can’t’ or don’t want to provide their ‘real’ previous landlord’s contact information which will be a barrier to entry for some Tenants moving forward.
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20 April 2020 | 53 replies
Interesting what they said about landlords;"Landlords have resources that will allow them to withstand this crisis better than any of us.
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10 April 2020 | 84 replies
How many business or apartment operators can withstand a 12-18 month disruption?
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3 April 2020 | 16 replies
Trying to make sure that they are exhausting all efforts for them to receive money and explain how important it is for them to have a roof over their head right now is about all you can do.
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10 April 2020 | 9 replies
But, I believe urban areas, like Minneapolis/Saint Paul where I am, will see a large temporary loss of STR inventory, and most of that loss will be from the bottom of the barrel, because they aren't profitable enough to justify the risk, but the highest performing STRs will of course stick around, because they're doubling or tripling income from LTR.I also own a duplex in Rochester, MN a few blocks from Mayo Clinic, that I'll be putting half of onto airbnb when it's done (I wish it was ready so I could help some healthcare folks out).I think it's like most industries though, the most robust and efficient businesses will withstand this crisis, while the weaker, unfortunately, might not.Just to predict, I think across the airbnb platform we'll see a temporary (maybe up to a year after the crisis comes to an end) drop of inventory around 10-15%, but I think bookings will drop by less than that amount (after the quarantines stop).
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3 April 2020 | 3 replies
Good people don't default on their rent obligations without exhausting all other options first.