All Forum Posts by: Brittany Stradling

Echoing another user - it's what the contract states. If the contract says you can terminated with no fees because you are the primary resident, then you can. The negotiation stage is over as you hold no power. The time to negotiate was prior to signed the contract. 

It should be outlined in your lease. In my state, eviction would be appropriate. 

you would let them know (today) they are late and remind them of late fees. When they pay you, if it does not include late fees, tell them you did not receive the full amount and they owe x. 

You're overthinking it. You're not in the business of match making. They both seem like fine candidates. 

Pick whichever tenant applied first and go with that. If the professor doesn't like it, he's still bound to pay the rent. If you're worried about the healthcare worker, require 1 month rent as a security deposit. 

I'm looking for recommendations for an investor friendly lender that offers VA home loans. I'd like a lender that will factor in prospective income for our current home into DTI (we plan to rent it out when we move) and can take out the cost segregation from our numbers.

I am located in Indiana.

Thanks in advance!

500-1000/month for long term rentals is great but not common, at least now for the first few years in my neck of the woods. The cabin had a high interest rate and low downpayment %. There's no PMI so that's great. We have a very high COC but lower cash flow.

I currently have 1 str in the smokies and would like to acquire a handful of more properties, likely short or medium term. My focus is on cash flow and I want to net 1k/month, assuming the loan is for 300k and there is a 20% downpayment. Is it possible to cash flow this much with midterm? I have been analyzing deals in the Cincinatti, OH area and my cash flow is hitting at around 600/month. Just wondering if it's time for a come to jesus moment. 

I'm getting a cost segregation done on my cabin in the smokies. I'm filing out the information and I'm unsure of a question.

In terms of non depreciable land value in the area, is a dollar amount or percentage allocation preferred?

I am using pricelabs but going under what they recommend. Whenever I use their recommended prices, I don't get booked. I'm definitely the least confident regarding how to price my cabin.

I'm on both airbnb and vrbo. I'd say 85% of bookings are coming from Airbnb right now. I plan on creating a direct booking site in the next few months. 

My space is a 1 br cabin in the smokies. It's very comfortable but could use some updates. I plan on updating during the off season.

 Yup, very new! We went live in June. Occupancy is great but ADR is just too low. 

 I'm referring to 2019 revenue