All Forum Posts by: Alex Schober
Alex Schober has started 2 posts and replied 6 times.
Post: MTR Tenant Not Vacating Property - Next Course of Action?
- Posts 6
- Votes 5
Quote from @Jonathan Styer:
Quote from @Alex Schober:
All helpful comments, thanks. I had someone else basically tell me to bribe them with some money to leave then change the locks after they're out, and learn from the experience. That said, I will start the eviction process now just in case.
Related question: How should I handle my very near-term reservations with Airbnb? Because the current tenants were done through a formal lease and not on Airbnb, support doesn't particularly care about penalizing me for canceling upcoming reservations.
Worst case is you'll need to cancel your reservation or walk your upcoming guests to another comparable STR.
I agree with other commenters on initializing the eviction process ASAP. You might scare them out with that or, they might ride it all the way out until the actual eviction. Regardless, there is no guarantee that they'll be out after 15 days so you need to start it now, they've already shown that they don't adhere to the agreements. If after you start the process, they don't get out right away, I would work on protecting your reputation on AirBnB and finding other accommodations for your STR guests.
Let us know how it goes and best of luck.
How would you recommend that I steer guests to comparable STR listings? Any experience on this?
Thanks for the insight.
Post: MTR Tenant Not Vacating Property - Next Course of Action?
- Posts 6
- Votes 5
All helpful comments, thanks. I had someone else basically tell me to bribe them with some money to leave then change the locks after they're out, and learn from the experience. That said, I will start the eviction process now just in case.
Related question: How should I handle my very near-term reservations with Airbnb? Because the current tenants were done through a formal lease and not on Airbnb, support doesn't particularly care about penalizing me for canceling upcoming reservations.
Post: MTR Tenant Not Vacating Property - Next Course of Action?
- Posts 6
- Votes 5
Hey all, relatively new landlord here. I've been renting my house to a family for the last three months and their lease ended at the end of March. I am reverting back to a STR strategy, with the next guests arriving this coming weekend.
The problem: the guests are demanding to stay until the end of next week, citing a clause in the lease that they have 15 days "to correct the violations of the lease", which she has interpreted as allowing her to stay 15 more days.
Has anyone dealt with tenants that have literally overstayed their welcome? At what point should I get lawyers or even law enforcement involved? I'd like to avoid getting messy, but I may not have a choice if she continues to stay.
P.S. If any investors are in Columbus and recommend good legal counsel for landlords, I'd appreciate it!
-Alex
@James Olympia I bought my house in Columbus in what I would personally consider a "B" neighborhood. I wonder if you've done any on-the-ground research in Columbus? I shared your "financial mindset" of investing in a "C" neighborhood (specifically Franklinton) but by just walking around, you'll be able to feel changes in safety perceptions almost on a block-by-block basis. I think Franklinton has a lot of potential given that it's directly west of downtown; however, it may take a while, and you may not get many people willing to pay you rents that "B" neighborhoods like Merion Village, Olde Towne East, etc. might command. I'm happy to discuss this further individually.
I do echo your question about whether other folks here have a more formulaic approach to determining the class of the neighborhood.
Post: Furnished Finder vs AirBnb
- Posts 6
- Votes 5
Quote from @Carolyn Fuller:
Quote from @Conner Olsen:
I have a different experience than a lot of other people here. I listed on Furnished Finders, Airbnb, and VRBO and only had bookings through Airbnb. I just set it to 30 day minimums. I make more through Airbnb than I would through Furnished Finder.
I think the experiences with Furnished Finder versus the STR platforms all depend upon location. Here in Cambridge, we are in the midst of a serious housing crisis. Our vacancy rates are less than 1%. That means LTR rents are through the roof. This impacts the MTR rents, as well. Traveling nurses compare Cambridge / Boston MTR rents to what they know from their respective homes and go into serious sticker shock and balk at everything. It would be easier for someone doing an MTR in cities like Boston/Cambridge to use the STR platforms instead of Furnished Finder.
If your MTR is in a University town, you can use Sabbatical Homes. Visiting scholars are a bit more use to the housing crisis in our cities and what it has done to rents. Sabbatical Homes is significantly less expensive to use than either Airbnb or VRBO.
Do you have much experience/success with Sabbatical Homes? My rental is in a big university town (Columbus, OH) and that seems like a compelling medium for finding MTR leads.
Post: Relocating for Work - "Accidental" Rental Conversion
- Posts 6
- Votes 5
Investment Info:
Single-family residence buy & hold investment.
I originally purchased this cute house for myself but needed to relocate for work. I converted the place into a short-term rental with a medium-term option during the slow winter months. The ultimate goal is to net some positive cash flow despite needing relatively strong occupancy rates for it to happen. Assuming this, my medium-term goal would be to purchase my first true investment property. Any similar anecdotes of "accidental" investment properties and/or relocation would be welcomed!
