All Forum Posts by: Conner Olsen

@Zach Fridrich David Greene's Long Distance Real Estate Investing

@Alisa Noll If you think you can get closer to 20% than I think that's awesome! My STR has been a lot of work to get up and running and if I was getting 13% COC I'd rather put it in the stock market to be totally passive. There are some other things to consider like loan paydown and tax benefits that could convince you to purchase. Depends on your goals!

@Raul Ortiz I target 30-day rentals on Airbnb. I am able to double my rents and have 3-5% vacancy with very little headache from the tenants!

@Don Konipol I have seen multiple cities only allow 30-day minimums. I have found that my 30-day rentals are giving me double the revenue with around 3-5% vacancy in Austin. It's a great strategy!

@Jason Regan I have the opposite opinion of yours. I think MTR are here to stay and cities are unlikely to fix the 'loophole'. Many renters are month-to-month and changing the typical 30-day minimum city regulation would harm them. There are plenty of people that need monthly rentals like traveling nurses, business travelers, or people relocating to a city. In the eyes of the city, I'm someone that rents my property monthly that happens to market it on Airbnb so to me it's a safe investment.

@Austin Seth Start by googling "X city short-term rental laws" or variations of that. You should find something on their city website if the don't allow STR's. You could also message a host on Airbnb in that city and see if they know about any laws. Even if the landlord says you can sublet it on Airbnb, the city could say that you have to live in the property to rent it as a STR. In Austin where I live they are pretty strict on people having to live in the property to rent it as a STR or they have to rent it for 30 days or more.

@Ben Cranny I would search 'percentage of renters in X city'. You'd be surprised at how many people are renting homes. In terms of finding tenants I think the best places to put it are on Facebook Marketplace and Zillow first, and then possibly the MLS.

@Jana Crum check out Julian Sage. He's got great content on Youtube!

@Robert Verdi AirDNA does not give a perfect estimate. I have heard from some that it overestimates and others that it underestimates. I think it's a good jumping off point, but it isn't consistent and I wouldn't trust it.

@Austin Seth This is called rental arbitrage! It is possible to find landlords willing to rent their property like this. Here are some ways to make it more enticing to them: 

1. Offer a % of total profit

2. Get a longer lease, may be 2-3 years

3. Pay above market rent

It is definitely a good business strategy for creating cashflow quickly, however you need to check with your city to see what their STR laws are because you could get stuck with a long lease and no renters if you do it wrong.