All Forum Posts by: Audrey C.

I've been thinking about purchasing my first STR. I currently manage a STR in another state in a sought-after beach community for a friend. She pays me to manage it and all the proceeds after expenses she donates to a non-profit. She is an amazing woman and the house is fully booked from repeat guests through direct booking. I also just purchased my first LTR last year, a SF home.

I'm not in a position to donate ALL cashflow for philanthropic goals, but am trying to figure out how I can have a combination of rental income, donate a couple of weeks per year to a non-profit organization I support, and have my family be able to use the property a couple of weeks a year. I know this is possible! But I'm in analysis paralysis to underwrite a deal to know what metrics I need to look at to even get started. I haven't talked to my tax accountant yet, but - is there any benefit to "donating" the FMV of lost business income? The house I manage brings in over $13k/week and only for a short spring to fall season - but enough to make a significant impact. Of course a bigger house brings a bigger pricetag, bigger problems/expenses. I'd ultimately like for the property to pay for itself (including paid management) I am fine with the cashflow being eaten up by philanthropic efforts. Looking for some guidance and direction!!

I have a lead on a small campground in Maine if you are interested.  

I am trying to help a family member with the sale of their small campground in Maine.  They have not had luck with finding the right listing agent that knows how to market a campground.  It is a great property, 24 acres, 4 cabins (3 year round, 1 seasonal), outdoor wedding venue, bath house, A-frame home and 2 barns.  Where can I direct them to list this property - they have been wasting lots of time entertaining buyers that don't know the dynamics of financing a campground and are looking for an agent that knows how to vet potential buyers.   Not sure this is the right forum category to post in, but I had to start somewhere!!

Sadly, not all the BP books are on Audible - but I'd love to use up my 12+ credits before I cancel my Audible account. If anyone knows of any that overlap, let me know! Looking for suggestions on co-hosting, STR market analysis, RE investing for or in retirement - just reading anything I can get my hands on in my (late in life) RE journey.

That was part of my initial hesitation - how to know what parts of the lease could be negotiable and should I reach out to those companies online that claim to help to negotiate the leases.  Also where are the resources that I can look to to research consolidations in the area I would be looking in. 

@Bill B. I sent you a DM

I am looking to purchase a property to hold as a STR. Small 1,000SF house. House has a 25 year lease with IGS Solar. Ex wife signed the lease. Ex-wife quit claimed the house to husband in the divorce. Not sure any of that matters, as I'm guessing the title would come back with a lien from the solar company. Is anyone able to take a look at the lease to help me decipher it so I can decide to either move forward or walk away? Size is 3.4 kW and estimated annual production of 3869 kWh.

At this point, I don’t know, but I will find out - thank you!

Yes thx! I meant USPS Lessor or owner of property that is leased to the USPS…appreciate the humor 😊

If you are a USPS owner and willing to share your experience, please reach out here or via DM - it seems hard to find the info I'm looking for and hoping for some guidance. Thanks!