All Forum Posts by: Christian M.

This is my first time renting out a property. I will be living out of state away from my property so I want to be educated on how to properly choose a good property management company. I am looking for things I need to avoid or look for. Any advice is extremely helpful! Thanks!

Hi everybody,

I am looking for some good books or resources to learn about vacation properties turned Airbnb’s. I am quite interested in purchasing a property to use as a cash flowing asset while I am not using it. I am open to most locations throughout the United States. Thanks!! 

Quote from @Shaun Weekes:

Quote from @Christian M.:

Hi everyone,

I am looking for some insight on how to best prepare to keep my current residence as an investment property. I’ll most likely be moving in about 2 years and I’d like to use this as a rental property if possible. It’s a single family home 3 bed 2.5 bath 1500sq ft. The issue is that the current mortgage is about $300 more than the average rent/month for comparable  homes in the area. I also recently thought about Airbnb but I have zero experience on renting a property or listing one on Airbnb. Any recommendations on what people have done in the past would be great! I really want to keep the house long term for the equity. Thanks! 

The city of Fresno has a major University and several hospitals which means that in 2 years you could potentially use MTR's (Mid Term Rentals) Travel nurses, Ultrasound techs and potentially renting rooms to students all of which would make you more money than LTR's (Long Term Rentals)

You have 2 years to do as much research as possible to minimize mistakes and maximize profits. When you turn your primary into an investment property you will be ready to execute an MTR with tremendous success.

You can do this, and I hope this helps.

Wow that’s a great idea! I never even thought of that. Do property management companies do something like this? Id most likely be moving out of state and wouldn’t be there physically to help maintain it. 

Quote from @John Underwood:

You mention average rent. I dormant to be average. I want to provide a nice place for the top of the rent range.

What do your numbers look like if your at the top?

Is your house in good shape where it won't likely need a new HVAC, water heater or roof? If so you could get to where your mortgage is covered and someone else is paying it off. Plus you get all the tax deductions. 

actually the high end is about $200 more than what the current mortgage is. It’s a brand new house under warranty so there shouldn’t be any issues with maintenance.  

Hi everyone,

I am looking for some insight on how to best prepare to keep my current residence as an investment property. I’ll most likely be moving in about 2 years and I’d like to use this as a rental property if possible. It’s a single family home 3 bed 2.5 bath 1500sq ft. The issue is that the current mortgage is about $300 more than the average rent/month for comparable  homes in the area. I also recently thought about Airbnb but I have zero experience on renting a property or listing one on Airbnb. Any recommendations on what people have done in the past would be great! I really want to keep the house long term for the equity. Thanks!