All Forum Posts by: Andrew Whicker

It wasn't a loaded question.

I don't know what the goal of further media attention is.  Those goals should be clearly stated so that Airbnb can respond effectively.  

No one has filed an insurance claim yet (as I understand).  We don't know if Airbnb will reject any of those claims.  

It certainly would be great if AirBnb gave warning about the 30 day tenancy issue, but I think in the end it is the duty of the landlord (and their team) to know the local laws.  Hopefully, AirBnb will post such a warning.  That would be good customer service. 

It sounds like AirBnb is working with you now, correct?  

They've:

- paid you for the lost rent that the tenant did not pay

- 'Quarantined' the account, disallowing any payments from the tenant

- Opened lines of communication with you

What else are you trying to get from them?  Re-imbursement for the legal fees, damages and rent lost beyond the 8th?  

Cheers,

Does the HOA cover internal maintenance? If not, you will have to set aside additional money for the maintenance.

Also, what does insurance cost?

You'll have to also take vacancy into account.

I'm still buying my first property (I let two go while they were under contract so far), but right off the bat I'd be concerned that 3 or 4 people that are most likely seasoned investors (including the investors that own the other units) and failing to find financing (?) or are cancelling for whatever reason.  

But, I'm curious what 'non-warrantable' means or why it comes about.  Could you post here if you find out? 

Does VRBO.com have better support?  Would it be worth switching to that site after this situation?

(Not trying to change the subject, just wondering if this would be a long term solution)

Hi,

I have a duplex in contract that looks pretty good.  Here's my dilemma:

When analyzing your CoC, do most investors include roof and windows in their cost? I see these items as big dollar repair items that happen once in a long while.

In other words, if I bought the house with a roof that was going to last another ten years, I wouldn't include the roof cost into the CoC. So if the house needs a roof soon after the purchase, do I include it in the CoC calc?

These seem like items that can be left out?  

Cheers,

I'm a newbie, but I just put an offer in on a vacant Homepath duplex. I'm going in with a FHA. I plan on living in for a year then moving out.

The house doesn't seem to have more work than normal.  Some windows need replacing, the carpet is shot and the walls need paint and some walls need repairs.  There are some things that need more attention, but I don't think I need the tens of thousands of dollars offered by the Homepath.

Plus, the rate is high on homepath and I would need to put down 20% in order to buy a duplex.  You only need 5% if it is a single family.

PS: I used my realtor and went through the normal process of negotiating as I would have if I dealt with private owner who had an agent.  Fannie takes longer to reply and has a complicated addendum on the contract.  Otherwise, it seems to be the same conversation.  

PPS: The house seems to have been vacated / winterized somewhat professionally.  Some windows are boarded up, but they are boarded up intelligently so as to minimize damage.  The dryer vents on the inside are taped up, the water was left on.  

I wish I could start this thread over with the numbers.  I've never been this disorganized with a post on this site before and I apologize.

The low water months record ~$80 / month.

The high water months record ~$230 / month.

As you can see, there is a lot of room for improvement with smart landscaping.  People here seem to water their lawns from April ish until October or about 6 months.  So the average is around $150 / month. 

Cheers,

Andy

I meant to say, it could be as low as $75 without any watering.

Hi,

I couldn't find another discussion on the topic, but if one exists please let me know.

I live in Ogden, UT which should be mostly desert landscaping, but because many people get their water cheaply from a reservoir they water their lawns.  The problem for me is that I am looking at purchasing a house that is NOT on this 'secondary water' for cheaply water lawns.  The lot is a quarter acre and everything besides the house and driveway is grass. 

The water bill of this duplex, which is not split, goes directly to the owner and costs about $150 / month in the summer due to watering the lawn.  I think it could be as low as $75 or so.

My question:

What are some good, but cheap, ways to turn a lawn into a desert landscape or a landscape that requires very little water?

Cheers,

Thanks, I think that is a good explanation.

@Dion DePaoli

@Wayne Brooks