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All Forum Posts by: Connor Dunham

Connor Dunham has started 12 posts and replied 217 times.

Post: Furnishing Airbnb in Anchorage

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133
Originally posted by @Kaiden Foster:

Thank you both for your input! I ended up going with Casper mattresses from Costco as their return policy is excellent. For locks, I went with the Schlage Encode. While pricy, the ability to integrate with Airbnb with automated key codes for each guest should pay off in the long run.

Where do I find keycode automation? I use Hospitable for message automation, but integration with the security system isn't there and smart-lock integration is still pending. 

Post: Furnishing Airbnb in Anchorage

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

I have a new unit I'm managing from afar. for smart home - Get the new ring security system and a z-wave smart lock. The cellular backup plus 3 gigs of usage is a game-changer. You can reprogram door codes from the app. For furniture - most retailers in town have poor quality and are a rip. If you're going to go new, get something from costco or order ikea and have it shipped. shop+deliver is very reasonable. The alternative is to go find used furniture, but it takes a lot of time and usually requires a truck. Best of luck on your new purchase.

Post: Anchorage Alaska?

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Madalyn McCurdy Welcome. Wasilla will be great for appreciation.

Post: Starting Out Tax Deductions - First Year?

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Natalie Kolodij True. I mainly pointed to the video because it explains the deduction well and the participation requirements to count towards non-passive income. New construction costs can be easily broken out without a study. In my case, I acquired an existing structure for an STR.

Post: Starting Out Tax Deductions - First Year?

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Chad Tessmann watch this video for an explanation by Brandon Hall -

https://youtu.be/SGD5-NTxVCk

You need to do a cost segregation study to use bonus depreciation. The benefits are less, the lower your tax bracket.

Post: Short term rental (STR) in Soldotna/Kenai AK

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

Hi Sri,

There's a fair number of STR managers to choose from between Girdwood and Willow. They will get more scarce as you get to Soldotna, Kenai, and Homer. Look up @Valerie Buss to find some connections on the Kenai, she lives down there. AirDNA.co has all the data you need to select the right market for an STR. 

Best of luck with your search.

Post: Flood Insurance is Changing Things you should know.

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Robert Murphy This only applies to California, Oregon, and Washington. Thanks for the scare!

https://www.fema.gov/sites/def...

Post: Looking to network in Alaska

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Keith Jenkins Welcome to the 49th state. Enjoy the midnight sun while it last.

Post: Finding Deals that make sense

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

@Christopher Alan Rush I've seen good deals even this summer. Not that I'm buying right now... But the numbers work. It's a tricky market for buy-and-hold investors. I'm interested to see if the rise in rents will stick over the next 18 months. Generally speaking, if you're still renting and have a horizon greater than 5 years, you should buy something greater than 2 units asap. Good luck with your search.

Post: Bigger Pockets - Anchorage, AK

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 229
  • Votes 133

I'm up for that (as always). I may be a little tired as I get off of a plane flight the day before.

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