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27 April 2020 | 9 replies
Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.
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18 April 2020 | 8 replies
That platform is mostly for users.
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15 April 2020 | 6 replies
You would sell the LLC as your assignment fee instead of having a traditional assignment on the HUD-1.
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17 April 2020 | 15 replies
Therefore most travel nurses have a hard time getting a traditional home loan.
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15 April 2020 | 4 replies
Screen your tenants thoroughly as you would with a traditional unit.
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16 April 2020 | 4 replies
We selected Athas due to our "traditional" residential lenders said it would be challenging to obtain conventional financing due to lack of 12-month leases in place and the property operates as a STR "business."
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16 April 2020 | 7 replies
Buidlum has a lot of videos on there on how to setup and use the platform.
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15 April 2020 | 4 replies
There are some paid platforms like Reonomy as well.
16 April 2020 | 5 replies
My question is if I manage it myself, what are the best vacation rental platforms/sites to use (VRBO, airbnb, etc), and how many platforms to list my home on?
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17 April 2020 | 1 reply
The owner was a land lord that was liquidating his portfolio and this house was in a flood zone making it hard to sell to traditional buyer.