Hoping everyone had a great Thanksgiving and a wonderful start to the holiday season/end of 2022.

With the potential to rent it out to large groups or families in the summer, then split the unit into two in the off season for longer term stays.

@Michelle L Irastorza I’ve not moved any of my STRs over the 30+ days because here in the northeast that puts seasonal stays in the same risk bucket as long term renters and I’m on those long term rentals I am absolutely collecting 1-2 months deposit, full identity check, background check, and a call with at least two former landlords who’s address and lease term are verified before handing over any keys. 3-6 month evictions on long term rentals where tenants pay utilities and leave their junk for you to pickup after they leave are one thing. 3-6 month evictions on seasonal/30+ day rentals where you’re paying utilities and having your furnishings destroyed after they leave are an entire other level of headache. 

This means the fund have to be in your account one week before closing when the IBV is done, but they do not have to be sourced or seasoned.

@Jeffery WiremanI am a well seasoned lender who just escaped Austin and now live in the DFW area. 

However:We are noticing the market is getting saturated with vacation rentalsWe have had to lower our rates to keep high occupancy especially in slow seasons like summerWe added a hot tub to one of our properties to see if it would help bookings - it has but it was a big expenseVacation rentals have had negative effects on communities like Sedona by driving up housing costs and making it more difficult to find housing since most people want to turn their properties in vacation rentalsWe are pretty concerned that the law that originally inspired us to do this is going to get repealed or modified (SB 1350)If I were buying a property now in AZ I would be more careful about pulling the trigger.

As far as I understand it, vacation/investment home loans at 10% are harder to come by now.We primarily use STR but aim for MTR during the off-season.

I'm in the talks with a seasoned investor who is looking to slowly pass along his properties.I am in the kitchen cabinet/countertop industry, so he is a customer of mine who uses me to provide cabinets and counters for his rentals. 

A season investor here but new to STR?

., dishwasher is not required, but it will be nice to install it.During this holiday season, we have a lot of appliances offers, and you can easily get a dishwasher with a decent discount.