I just backed out of a deal that would have been my first property. I was coming up on the end of my negotiated due diligence period. Everything checked out. The inspection went well and I could tell that I found a go...
Honolulu recently passed a bill that gives some pretty intimidating enforcement teeth to an existing law, which takes effect Aug. 1st. The existing law states that STRs are only allowed in Resort zones or if the unit...
Hello BP world,One of my tenants ask to pay her rent late because of a death in her family. How can I sympathize with her and also be stern about paying on time. How should I say it without coming off inconsiderate? P...
In most markets short term rental supply is high. And a big issue is that a good amount of the supply is from new 'investors' chasing what they thought was a get-rich-quick scheme. So the market not only has an unbala...
I closed on my first property, a SFH, at the end of last summer. I made repairs/improvements, defined my qualifications, thoroughly screened tenants, stuck to my guns, and got a good tenant in the fall. He pays rent o...
Hi bp community - I'm interested in your opinion on why you would or would NOT short-term rental your property. I talk to property owners almost everyday and while some are completely for the STR model because it bri...
Does anyone have any experience with short term rentals (resorts)? Do you manage it yourself or hired somebody?
Thanks,
J.
I have been trying to write a business plan and because we are just starting by doing small investments, it is difficult to find/create a plan that is so basic.
Do I need a business plan before I start invest...
Hi BP Phoenix! #Rookie here. My wife and I live in the North Phoenix area and are looking to buy our first rental property. We are about to close on a fixed-rate Home Equity loan on our primary house, which we plan to...
My husband and I are moving to San Diego, CA at the end of this year. We are renting out our home that we plan to rent forever, and thinking of buying in Temecula area. The prices are way better than the city, and alt...