All Forum Posts by: Carlos Rodriguez

Definitely reach out to Jordan Moorhead and his KW Team. He's personally done house hacks and is an investor friendly agent. They also organize one of the better investor meetups in Austin (IMHO).

I was in the same situation recently. A guest with solid reviews and pleasant communications left with multiple damages found by the cleaner. The guest denied aggressively after attempting to recoup damages directly from them. I ended up filing a claim and was mostly reimbursed.

I echo what everyone else is saying. Documentation and clear communication with the AirCover rep. They probably won't reimburse total claim. In my case, the guest retracted their 5 star review and left a slanderous review.

Quote from @Joe S.:

Quote from @Grant Shipman:

The Rise of Co-Living: As Airbnb Faces Restrictions, New Housing Models Win in Court 🏡⚖️

Across the country, cities are tightening regulations on Airbnb and short-term rentals, making it harder for property owners to operate legally. Meanwhile, co-living models like PadSplit are winning legal battles, proving to be a sustainable, long-term housing alternative.

🔹 Airbnb is Facing Increasing Restrictions:

• New York City has implemented strict rules requiring hosts to register and be physically present, effectively banning many short-term rentals.
• Dallas and Atlanta have passed zoning laws banning short-term rentals in residential areas.
• California cities like San Francisco and Los Angeles are ramping up enforcement with hefty fines for non-compliant listings.

🔹 Co-Living is Gaining Legal Ground:

• Colorado eliminated all restrictions on the number of unrelated adults living together statewide as of July 1, 2024, marking a major victory for co-living advocates.
• This week, Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for “illegal boarding houses” on constitutional and fair housing grounds.
• Cities like all over like Washington D.C. are considering zoning reforms to allow more co-living developments as an answer to the housing crisis.

As Airbnb restrictions tighten, co-living is emerging as a scalable and legally sound alternative that balances affordability, tenant stability, and community needs. The question now is: Will more states follow Colorado’s lead, or will outdated zoning laws continue to stand in the way?

What do you think? Is co-living the future of housing? Let’s discuss! ⬇️

#CoLiving #HousingCrisis #AirbnbRegulations #AffordableHousing #LegalWin #RealEstateTrends

 Finding someone to run such a model on my behalf, has been a challenge for me.  I have had multiple properties that would’ve worked for Pad split. I never was able to find a pad split rep that actually seemed to cared that much to discuss my property. The vibe I’ve got from the pad split rep was… fine if I do fine if I don’t. I guess maybe they’re just salary employees that are looking to move on in the future and really don’t care to advance pad split footprint in the area. Maybe other people have had better results getting started with this model and if so, I’m all ears.. 

I have a PM, managing several co-living homes in Austin (not mine, other investors). He may be open to managing SA co-living properties. DM me for his info. 

I've used the VA loan twice to purchase 2 duplexes that I've lived in. Getting 4 units for very little down was a great way to build my portfolio. I agree with Joey, that you'll want to get a lender with lots of VA loan experience. Just be patient with the process and know that some sellers may chose a non-VA buyer due to the lengthy underwriting process. I don't have a VA disability exemption, so I'm not sure how that part works.

@Charles Carillo The current partner is a guarantor on the mortgage. The lender says the new partner will need to submit documents to prove they are an equal guarantor for replacement. So basically, the new partner is applying for the mortgage. They also mentioned a loan mod and I'm getting for info on that. 

I have a mortgaged, single family property in Austin, TX under an LLC that is owned and managed 50/50 by myself an another partner. My partner wants to exit the property/LLC and I have a new partner lined up to take their share. All parties have settled on the price. Now I need help executing the transaction.

Should I set up a new LLC with the new partner, deed the property to the new LLC, and dissolve the current LLC?

Should I remove the current partner in the current LLC and add the new partner to the current LLC?

Is there a special sales contract that is used for this kind of transaction?

Are there any other courses of action I'm not thinking of?

Aside from mortgage and tax filing implications, what other considerations should I be thinking of?

Thanks in advance for the guidance!

I set mine up through zenbusiness.com. You could save a couple hundred bucks by doing the research and filing the paperwork yourself.

Hi Brian, are you and your wife still in HI? I move there in Oct and am looking for an investor and VA friendly Realtor.

I used https://bonhost.com/. The manager/owner, Darlene Brown, is local to Austin and charges less than the standard 20% gross profits that the national management services charge. I netted enough to make a decent profit AND my guests and I got personalized attention that is critical to STR success.

@Jenny Gardner

I'm actually in the process of reserving a unit in the Natiivo project. I ran some numbers in the BP calculator, based on Austin's hotel vacancy rate of 25-30% and avg nightly rate of $250 for a hotel suite.

Bottom line is that this is probably not a good investment for the average investor. Also, they have not ironed out all of the details yet. Having said that, the reservations are flying off the shelves. So there is a market for this concept.

I'm going to use the house hack strategy by bouncing between this place and another AirBnB I own. Certainly not the lifestyle for everyone. But I plan bounce between vacation homes in "retirement" anyway. :-)