Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Francisco Milan

Francisco Milan has started 43 posts and replied 89 times.

Post: Critique my MTR listing

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 89
  • Votes 26
Quote from @Evan Kline:

What you have looks very nice.

Just a couple thoughts (obviously all my own opinion) - 

1. I wouldn't include the floor plan.

2. Label all the pictures with clear descriptions. 

3. Do the bedrooms have their own keypads? If not I would add that and include it in the description

4. The furnishing is nice, but sparse. It feels a little... clinical. Get some art, blankets, pillows, rugs, side tables, bookshelves (with books), etc. Here's an example of one of our listings: https://www.airbnb.com/rooms/7... 

5. If you're listing by room list amenities of the room, for instance: "Separately keypaded bedroom with King bed, 55" TV, blackout curtains, and sound machine"

6. If you don't have a TV, blackout curtains, and sound machine (or box fan) in the bedroom I would highly suggest adding those

7. Get some barstools for that kitchen bar

9. I would opt for a coffee pot over a Keurig for 30 day stays. 

10. put some wine in that wine rack

11. Get a spice rack for the kitchen counter - you can get a decent one on amazon for not that much

12. I would retake the pictures with the TV off. 

13. list the wifi speed for the house

14. "Cozy" "Comfortable" "Oasis" and "Safe" are good catch words for an MTR listing

15. Make it clear if you're pet friendly or not

16. Fake plants are your friend

17. If you can swing it having a desk space somewhere goes a long way

I'm sure I could come up with some more but happy to chat if you want to reach out. (We do MTR's in Winston Salem, NC)


 What he said on number 4

Quote from @James Carr:

Hi,

I have a business that reached out to rent our airbnb out for two months for one of their clients who need a place to stay while their house is being repaired. They agreed to our rates, which is fantastic!


But I am a bit new to this, they asked for a rental agreement and so far I have only done this with individual long-term rentals. Could definitely use some guidance, we are renting it out in the state of Missouri.

Thanks!
James


 Hey James,

I always do the following, make sure the agent that contacted you is an agent that works at an actual insurance company. Id call the guy managing him, second I would sign up to https://www.mysmartmove.com and create and account this will give you option to send your tenants a link to run their credit to see what type of individuals will be staying at your house (Make sure to send a link to everyone individually) third id ask for deposit, set expecations and good luck you should be fine my smartmove will tell you what type of tenants they are. 

Post: House Hacking using Mid term rentals

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 89
  • Votes 26
Quote from @Matt Szablowski:

Hi I’m a new investor that is a new Phoenix resident since January. I’m a travel nurse and would like to house hack my first investment property. Im looking for a 3-4 bed 2 bath home by furnishing and renting out each individual room. I’m seeking advice on what locations would be best to house hack and also would like to know what other investors experience has been like house hacking in the Phoenix area.

My price point is 400k or less and must include a pool. I'm open to a condo or townhome but I think a house would be best to avoid any hassle from HOA. I'm looking to be close to the middle of Phoenix so I'm close to as many near hospitals as possible. Based on what I'm looking for I think North Glendale and parts of North Phoenix are best suited for me. My plan is to hold the property and make cosmetic improvements so I could 1031 exchange it in the future. I would love to hear from anyone that's currently investing in those areas. What neighborhoods would you recommend and what areas to stay away from. Thank you in advance for any advice, I really appreciate it.


 Hello Matt

I focus a lot on mid term rentals I actually finished one at this moment which I added a bedroom and bath. I keep my price range around same price except I focus on central area a bit more. Things you may want to look out for is property being 5 miles away from at least 2 hospitals if possible and make sure numbers work always use mid term rental comparables and be conservative to have cushion for accidents etc. Dont forget to drive the area and get a feel for it, that will be your best bet, as some areas up north may be patchy depending on the streets where you want to buy your intestment. Let me know if you want to connect to check out my property I will be there tomorrow getting some appliances delivered to start getting it ready here in the next 2 weeks. 

Post: What are the most affordable postcards ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 89
  • Votes 26
Quote from @Jerryll Noorden:

If you post the prices, I could help better... But honestly, I wouldn't do postcards, DMM cold calling or texting.

That stuff has a horrible conversion rate especially because you can't target motivated sellers through any list.

I would research Facebook ads and Youtube ads, SEO.


 Thank you I appreciate your response, but this would be for a very targeted area. 

Quote from @Bob Okenwa:

@Francisco Milan

I'm not sure how you're marketing it, but you shouldn't have trouble renting in Surprise. It's a nice, quiet family area where if you're priced correctly and the home is in good shape, it should rent somewhat quickly this time of year.

Your ad should be clear and concise as to what is required so you can eliminate as many tire kickers as possible. 

Realtor.com, Trulia (should feed from Zillow), Hotpads, Homes.com, Rent.com, Apartments.com are some other popular sites as well.


 Well I do get applicants but most are from California. I am not sure how I feel about that. For apartments and rent.com is there a fee?

Thanks for your reply I really appreciate it, will let you know.

Hello

I am trying to get a house in surprise rented, I have listed it on 2 sites facebook marketplace and zillow. I do receive applications but at least 90% of them from zillow are from California and not sure to rent to them some are borderline qualifiers. Facebook ones seem to be a lot of bad credit and people explaining their life situation hoping me to rent to them.

Do you guys have a place I can find solid tenants ? 

Post: What are the most affordable postcards ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 89
  • Votes 26

Hello

I am looking to send out around 20k postcards a month but havent done it in a while so starting to research pricing again. So far I know click2mail they pring and mail to the list yo upload. Is there a more affordable place to send out postcards? 

Hello,

I have a question for experienced SFR landlords, what is the best way to go when buying a house cash and raising its value. The goal is to get all money back and if possible a bit out if the numbers make sense. House is purchased with LLC and I can sell it to my wife or family members, goal is to build a portfolio of 20 plus homes.

Should I sell it to family member or since it was purchased cash transfer deed after purchasing it then having the refi ? Not sure if this makes sense tax wise. Would appreciate advice to anyone who has done this multiple times. 

Hello

Has anyone taken his course ? I think he buys homes and build on them correct? Does he scrape them down and build multiunits? 

1 2 3 4 5 6 7 8 9