All Forum Posts by: Andrew Wong

Second time coming, last year was great!

Since then I've obtained six short term rentals in the SF area, and am looking to expand more. 

**HAVE**

• Turnkey experience in Memphis
• STR experience with Airbnb and stuff

**WANTS**

• Landlords who want better tenants and are interested in short term rentals
• People operating homes that are catered towards elderly. Renovating, what to put in, and even the business side of having caretakers if you do!

Real estate guys recently had a podcast that was pretty interesting about targeting the retiring baby boomer demographics: http://www.podtrac.com/pts/redirect.mp3?http://tra...

The long story short, they have homes, and renovate it with things that cater towards elderly people by putting in ramps, outfitting showers with handles and holds, wheelchair lift, etc.

They have like 3-4 bedrooms, and rent them out by room, one to two people per room. And sounds like they also hire a caretaker to make sure things are fine, do laundry, some cooking, etc.

Anybody do anything similar to this? Would love to pick your brain!

Ok! PM me.

So are you talking about https://www.biggerpockets.com/forums/530/topics/32...?

@Mario F., you really need to just do research on your own city on the actual city website. In San Francisco you need permits to advertise on AirBnB. Thirty miles away in Palo Alto, you don't.

Don't listen to anybody who doesn't work in your area, we're just talking out of our butts.

@Andrew Johnson, the question for my situation is vague. I think what I was more looking for is your story and what you do.

http://www.sfchronicle.com/bayarea/matier-ross/article/Rich-SF-residents-get-a-shock-Someone-bought-11738236.php

Seems like my original link didn't actually hyperlink, so here's to you lazy people (all of us).

http://www.sfchronicle.com/bayarea/matier-ross/article/Rich-SF-residents-get-a-shock-Someone-bought-11738236.php

This is already my fear with instant booking.

My partner and our business is still pretty fresh, only about a year. We do short term rentals via arbitrage, and are always looking to acquire and expand. However, we're wondering how much underwriting we should have, and also how much money we should be investing from our paychecks (we both still have day jobs) to strap the business with more cash and to invest more.

Anybody have any advice as to what they do? What is your underwriting on how much your business has in its coffers? How much money do you put in each month to expand more?