All Forum Posts by: Bob Willis
Bob Willis has started 25 posts and replied 228 times.
Post: Airbnb arbitrage in LA and surrounding areas
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Quote from @Sparik Zammour:
Thanks, you happen to have a link?
search airbnb arbitrage in the search feature at the top - tons of hits
Post: Should I Evict or Suck it up?
- Investor
- Curtis, NE
- Posts 231
- Votes 140
If they leave and it sits empty for two months you are out $5400. Once rented, if you increase the rent by $200/month, it will take 27 months to make up for that. Is that worth it to you? But maybe it won't sit empty at all. But maybe the new tenants won't take good care of the property... So you can roll the dice and see if they will pay more by giving them notice. Also, not sure it is an eviction. You are just cancelling the month to month. But I don't know NY tenant laws.
Post: Rent by Room in Jacksonville
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Can you go someplace like HotPad (they are owned by Zillow) to see what rooms are going for? I think you can do that same type search on Zillow looking for a room to rent.
Post: indiana indianapolis tenant skipped last months rent/ vandalized
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Do you have an abandonment clause in your lease? If not, you should.
Post: What is the best Portfolio Modeling Tool?
- Investor
- Curtis, NE
- Posts 231
- Votes 140
@Joe Villeneuve has a model he uses (at least that is my interpretation). He may have some valuable input on this.
Post: Favorite housing app to find roommates?
- Investor
- Curtis, NE
- Posts 231
- Votes 140
I recently used HotPad - they are part of zillow I believe.
Post: Tenant goes to prison
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Do you have anything in the lease regarding abandonment of the property? If not, you should (not be snarky) so that if a tenant leaves, the lease is broke, you take possession.
Post: Purchase a live in flip
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Financing depends on your financial situation, you don't share enough for a valid response. If you live in it two years you don't have to pay taxes on the gain. Might want to think about that.
Post: 24/7 STR customer care
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Quote from @John Underwood:
What kind of problems are you getting calls about?
I almost never get a call or message. Never ever after 10PM.
They may send a message asking where the boat ramp is or something selling.
I maintain my properties to a very high standard.
Sure things break, but non emergencies can wait till business hours.
@John Underwood - when you say high standard, are you doing this yourself or PMing it out? If the latter, how do you monitor?
Post: Why I don’t invest in STR
- Investor
- Curtis, NE
- Posts 231
- Votes 140
I pay 18% for my PM on my STR. Are you bundling other things into your 30-35% number?