All Forum Posts by: Chinmay J.
Chinmay J. has started 51 posts and replied 1181 times.
Post: Airbnb Rentals Ideas
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Bruce Woodruff:
Originally posted by @Chinmay J.:
The word you want to use is "proverbial" not "preverbal"
Preverbal is a word in English language, but has a completely different meaning. It means something that comes before a verb. Hence, PRE-VERB. Proverbial means something that has an idiomatic reference.
But again, why would you care about nuances of English language. You have a yacht.
May the good Lord have mercy on your English teacher's soul. I am sure he/she passed away after having you as their student.
You may not know this, but a lot of people 'talk' their messages into their phone, hence the occasional misuse of words. We try not to be so picky on the forum, it's just not the point.
Having said that: it's Northern Virginia, not Northern, Virginia. Northern is not a town in Virginia.
I know it says Northern Virginia, but I didn't make that change.. BP made that change.. Maybe they are the ones who need to be careful.
Thanks for pointing out BTW.. I've told them to fix it..
Post: Airbnb Rentals Ideas
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Luke Carl:
Originally posted by @Josh Calcanis:
@Luke Carl interesting to hear that about AirBnB - I've got a friend here in Florida that does a brilliant job with his STR holdings on AirBnB (also on BP - Travis Zappia). While he's mentioned how AirBnB doesn't really support it's hosts as much as he should he's got quite the process built up.
I'm currently only in the LTR space, but have been inspired by the cash flow for those properties and the financing for them. Could you detail the VRBO and direct bookings a little more for me? What's the difference for those two? Also just ordered that book.
We’ve opened the preverbal can of short term rental worms that has been going on for a decade. Keeping in mind VRBO was around for 15 years before anybody dreamed up Airbnb.
The Shop does believe that VRBO takes the advantage in a head to head comparison.
That said we encourage the use of both and do your best to maintain 50/50 bookings.
Personally I’m at 65% VRBO and that’s exactly where I want to be. It does take work too achieve this.
That said:
The two platforms are very much two different types of personalities for both hosts and guests. I realized a long time ago it’s foolish for me to try and push one or the other. It’s all about whatever works for you.
PC rules Mac Sucks
Mac Sucks PC rules
It’s a battle that’s not worth fighting.
The weird thing is I am 100% a Mac and always have been yet I prefer what most people would consider the PC of platforms.
The word you want to use is "proverbial" not "preverbal"
Preverbal is a word in English language, but has a completely different meaning. It means something that comes before a verb. Hence, PRE-VERB. Proverbial means something that has an idiomatic reference.
But again, why would you care about nuances of English language. You have a yacht.
May the Lord have mercy on your English teacher's soul. I am sure he/she passed away after having you as their student.
Post: Airbnb Rentals Ideas
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Luke Carl:
Originally posted by @Chinmay J.:
All the hoopla over the guy calling STR an AIRBNB. I mean really? Get a life.
Maybe @Luke Carl. Learn some basic grammar. Maybe use some commas in your post.. They are free to use..
And what's so wrong w/ sounding like a millennial if you are one. I am not one BTW. A bit older than that.. And you know what the new generation hates. This "get off my lawn" attitude.
I am a millennial sir. I also don’t need commas when have a yacht.
Ahh one of the millionaire jerks.. You should hook up with Pharma Bro.. Y'all make a good pair.
I don't give a rat's a$$ what you have or don't have.
Post: Airbnb Rentals Ideas
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
All the hoopla over the guy calling STR an AIRBNB. I mean really? Get a life.
Maybe @Luke Carl. Learn some basic grammar. Maybe use some commas in your post.. They are free to use..
And what's so wrong w/ sounding like a millennial if you are one. I am not one BTW. A bit older than that.. And you know what the new generation hates. This "get off my lawn" attitude.
Post: Shady wholesaler or common practice..
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Nick C.:
Yes, shadiness is a common practice of wholesalers. In this situation it sounds like the wholesaler is either super lazy or doing this remotely, and is convincing the owner to leave the door unlocked.
I hear ya ! The guy seems legit.I get 2 to 3 emails from him every month. So looks like he is doing business. I guess he just didn't want to drive up. Maybe the market is such that he can find the buyer w/o having to work hard at all. I just don't have appetite or risk tolerance for doing either (buy unseen or essentially trespass)
Post: Shady wholesaler or common practice..
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Joe Splitrock:
I hope they don't shoot you for trespassing.
So I had more back and forth w/ the guy since I posted this. I asked him if he is willing to send me a document to sign that I am being let in the property, and he meet me there personally, and all he kept saying was that someone from his company will have the door opened for me..
I wished him good luck, and passed on.
Post: Shady wholesaler or common practice..
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
I got email this AM for a wholesale deal The deal looks great, and pictures indicate that repairs are cosmetic. Around $20-25K for a big house. Not bad.
But here is the problem. The guy won't send me original contract. I told him to redact the price and any commission info. I don't care for what his cut is.
Also, he said tomorrow I can go see the property as it's vacant, but to just go in a jiggle the door. I told him I am not comfortable doing so to which he said the owner is going to open it for me. Not sure if the owner is going to open and just leave before I get there or actually meet me.
For those who have dealt w/ wholesalers, is this common... Sounds shady to me. I usually don't deal with wholesalers.
Trying to bring up this old thread. I came across FundRise. What is the process of getting the money out. Any recent experiences?
Post: Northern VA Meetups and Investing Tools
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
I would love to come, but recent COVID cases has given me a pause..
Any chance this can be moved a Zoom meeting ?
Post: $3,300 to paint 1,500 sqft? (Ohio)
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Ryan Cleary:
Just got a bid presented to me by my property manager from a contractor of $14k for tenant turnover, incoming rent for the unit is $800... I know the unit well and it's not in bad shape. Some of the items are totally unnecessary. They have a bid for painting the walls which they are asking $3,300, on top of that they are asking another $400 to repair walls and remove an led light strip. Is this the going rate right now? This will be my first turnover in Ohio.
This is how the PMs make money. This is why long distance investing is so risky if you have a shady PM. Like others have suggested, make some phone calls and get your own guy to go in and give you a bid.
Here is how most PMs play the game. If you get a bid for say $10000 then the PM might say, you are on your own buddy for this turnover. He can't vouch for this guy because he didn't find him. He is not his guy. Then you are left managing your tenant turnover on your own from NY, which can be difficult. Remember PM is not really managing your property. He is running his own business.