All Forum Posts by: Conner Olsen

I own and manage around 9 residential condos in Austin area and wanted to get some feedback if it would make sense to get a Realtor license. 

Any thoughts or insights from the folks having gone this route. 

Essentially wanting to get the Real Estate License for future property buy/sales for my own business 

How far out in the future do you allow bookings and why? I have someone now wanting to rent my place about 13 months from now. I’’m not totally comfortable with that, but it brought up a good question that I need to determine my policy on future bookings.

Thanks!

Hello Folks,

I've a single family investment home in Rocklin that I'm thinking of converting into a mid-term rental. It is near the Stanford Ranch Road and 3 mins from Roseville. Does anyone have any experience in mid-term rentals in the Roseville area that I can touch base with? I'm a realtor and I'll highly appreciate that :)

Thank you!

Are folks using these? If so how do you keep track of the codes and make sure it's ready for the next visitor? I've stayed at some STR's where the electronic door code didn't work and it was a real pain as we stood at the door waiting for help. I want to make sure if I install these kinds of locks that the experience is flawless for my guests. Any advice on how to proceed would most welcome.

@Ron Brady @Conner Olsen Thank you both for your input! Do you carry a standard Landlord policy or any additional or specific coverage if you don't require the renters insurance? 

I live in the DFW area and have been considering a rental property. But from the outside looking in as someone who isn’t a landlord, TX seems like an absolute nightmare to own a rental property: 

1.) crazy weather (tornados, gorilla hail, high winds, ice, extreme prolonged heat) hard on roof and AC 

2.) high property taxes (lose the ability to homestead exemption) 

3.) already had extreme price appreciation for many years

for those of you who own rentals in tx is it rough? Am I wrong to think this? I understand it’s a popular place with a good economy, but I get caught up on the stuff I listed above. Wouldn’t it be much less stress to own in a lower property tax state with less intense weather? 

What strategies are working for you in this market? Flip, BRRR, Subto, syndication, LTR/MTR/STR - there's opportunities out there and I'm curious where you're seeing them in your world.

My husband and I are ready to move our family to a quieter area outside the city and we were pretty set on selling our current home, which we stand to make a hefty profit off (from sweat equity). The thought of no or very low mortgage was nice! But my husband recently posed the question to me about renting our house, instead of selling. So I have been thinking through this and trying to do some research. Hoping the BP community has some good insight! So the run down - we have a guest house in the back which we have rented out on AirBNB and rented to family/friends (so that's one rental) and we have the "ever coveted" low interest rate on our home (which helps our monthly mortgage to be manageable). My husband inherited a house last year but out of state, with no mortgage (such a blessing!) but wasn't kept up very well (already replaced the AC). We thought we could potentially do a HELOC on the out of state house, to put down on our future house/land? We don't have enough cash for a future spot w/o selling our home or HELOC/pulling from our other rental...So my overall question is would it be worth renting our (current) home for an easy profit (if it rents) and still rent out guest house out (2 rentals). Originally we thought we would maybe do a HELOC on current house for future spot, but we would like to leverage ourselves in the best way. Feels like a lot of moving parts :-)
Any advice is welcomed!!

What are some of the best ways to force appreciate a property the build equity in a low appreciation market? Looking to purchase first duplex to house hack while in school and want there to be some equity to pull out to go into second property. Advice?