Alexa Ferguson
Best Tools to Self-Manage STRs
21 April 2022 | 0 replies
For us, the following softwares have proven useful in making our STRs more hands-off:- Pricing Tool: PriceLabs - dynamic, data-driven pricing tool that auto-updates your listings, optimizing income and occupancy by adjusting prices based on market data and trends.- Cleaner Scheduling Manager: TurnoverBnb - automates scheduling and paying cleaners at its core, but can also systematize guest check-out and reviews.- Channel Manager: Guesty - allows you to list your STR on multiple platforms (Airbnb, VRBO, etc.) and manage it all from one place.Hopefully this info is helpful, and I’m happy to answer any questions on self-managing STRs.I'm also curious - have you all had success with any other STR management tools/softwares?
Chad S.
Umbrella insurance on multiple properties.
25 April 2022 | 10 replies
I have four rental property's, and my personal home listed on my umbrella policy, but I recently purchased another property and the insurance company I'm with (allstate) won't allow me to add it to the umbrella policy as they can only allow four investment properties, I'm told.I have all my auto's and property insured through Allstate and they have been good to me, but I'm going to have to find another agency that will put my 5th investment property and future property's under an umbrella, or get a second umbrella.
Mary Joe
Typical cost of umbrella insurance $2M-$3M in NY, FL elsewhere?
24 April 2022 | 7 replies
Mary Joe,A personal Umbrella should be covering your Home, Autos, Boats, and Rental properties.
Stephen Hollenberg
Where can I find $250,000 for a down payment?
2 May 2022 | 58 replies
AND I will point out there is added missing details such as where does Cap-X stand, where in life-span of mechanical systems is it, how much deferred maintenance, yeah, little annoying things I like to call facts.
Long Di
Red Flags on Property Walkthrough
2 May 2022 | 6 replies
For you, I would recommend walking as many properties as possible in your free time to get a good idea of the mechanics of a home.
Charles Tucker Kimbrough
My Story_ looking in Idaho and Montana
7 June 2022 | 11 replies
@Charles Tucker Kimbrough I'm a native Montanan over in Belgrade and a mechanical engineer in my day job.
Kar Sun
Tenant does not report issues timely
3 May 2022 | 16 replies
It's different if he's letting a pipe leak and destroy your floors or cabinets, and of course you don't want to run your compressor without freon (most units have auto shut-offs that won't let the compressor run with low freon), but things that aren't emergencies for the unit, if he doesn't tell you for weeks, then you get to them when your people are able to schedule, and that's that.
Christopher Epp
LA IS ENFORCING SHORT TERM RENTALS !
3 May 2022 | 11 replies
s advertised short-term rental listings have been illegal since the ordinance went into effect LOS ANGELES (CNS) -- The Los Aneles City Council approved a motion Friday aimed at strengthening enforcement of a city ordinance prohibiting unpermitted and non-compliant Airbnbs and other short-term rental operations.The motion by Councilwoman Nithya Raman and Councilmen Bob Blumenfield, Mike Bonin and Paul Koretz instructed the Department of City Planning to report back within 90 days on: Recommendations for how the city can address non-compliant hosts who rent out properties listed as a primary residence but are not used as such, the conversion of affordable housing stock into short-term rentals, the conversion of multi-family residential structures to short-term rentals, short-term rentals engaging in commercial uses/activities, and properties that are rented for longer periods of time than permittedEnforcement mechanisms such as citations, fines, license revocations and criminal penaltiesHome sharing regulatory and enforcement models of other cities, including San Francisco, Austin and New OrleansStrategies for ensuring all home-sharing platforms that operate within the city enter into platform agreements requiring them to share data with the cityStrategies for implementing and improving data collectionWhat staffing or dedicated unit, office or department is needed to consolidate various aspects of home sharing compliance and enforcement in one multidisciplinary team."
Tommy Barrow
First time rental; what next?
3 May 2022 | 14 replies
I looked at of lot of the free/low cost options and wanted one that didn't charge a fee for my tenant to setup auto-payments.
Raymond Sjolseth
SFH Investment in Illinois
6 May 2022 | 4 replies
Purchase price: $330,000 Cash invested: $10,000 Sale price: $475,000 3 bed + 2 bath home purchased in need of cosmetic rehab with GREAT bones and solid mechanicals.