All Forum Posts by: Anthony Conrad

I’d like to buy a one acre, landlocked, undeveloped, residential lot that is adjacent to my primary residence but I’m not sure how to value the lot to make an offer.   It’s currently for sale as part of a two acre commercial property. Half is zoned commercial and half residential, but I want to buy the landlocked residential portion. Any suggestions on how to evaluate it vs a buildable lot with proper street access and utilities?

I have an applicant with an emotional support animal, a dog that is over 50 lbs. My rental requirement state small dogs only (under 50lbs) with a non refundable one time fee and a small monthly pet fee. My understanding is that I can not disqualify the tenant based on their pet and I cannot charge any pet fees because it’s not a pet it’s an ESA. Am I understanding that correctly?

@Don Konipol

Thanks Don. I thought about that too. I’ll just have to double check the community by laws. I also thought maybe I could rent it to a company directly and if they have different people coming to town for shorter periods. That way the company is the tenant but the guest may change more frequently.

@Rebecca Sequeira

You are right about the timing. There are ski slopes nearby. Hopefully I can find a winter sports enthusiast. If not, we’ll use it year round on weekends and holidays. Who knows, maybe the community will relax it’s rental stance someday and I can use it as an Airbnb!

@Trish Mccoy. Thanks for the input. We’re furnishing it for our own use this summer regardless and the community doesn’t allow anything less than a six month lease. It’s not really an investment property since we’re really buying it for us. I’m just trying to see how much demand there might be for a 6-8 month lease. I guess we could always move our furniture to the basement :)

I’m buying a cabin in a semi private lake community to use as a vacation home. I’d love to offset some of my costs by using as a rental. The community by laws state no rentals for less than a six month lease though. I’m thinking students or corporate housing but everything I can find tends to be 90 days or less. This is about 30 min outside of Cincinnati, OH. Is there a market for six month furnished rentals?

@Ashish Acharya. I definitely won’t qualify as a RE pro with one property. I have capital expenditures like a roof and driveway that will be in the not too distant future. I’m just exploring my options to see if there is a more strategic way incur the expense. Thanks for all the insight!

@Brad Hammond. Thanks!

If my capital expenditures on a rental property exceed my rental income, can I use those expenses to offset W2 income or does it only offset passive income? I just got my first rental property rented and I’m trying to decoy if I should make capital improvements this year and get my losses out of the way.

@Garth Kukla

Thank you!