All Forum Posts by: Eugene Kemp

Look at Turbotenant. I've liked my experiences so far.

Airbnb has a good help desk for hosts. I would ask them.

Bookkeeper for what? Do you have 1 sfr? 3 commercial strip malls? Sorry, but if you want advice, give some information.

I would tell her to go ahead and buy it and have it installed at her expense or by herself, but you want a key and won't pay for it. What's the harm really?

I'm guessing this guy won't have to worry about paying rent again for some time!

Joe, I am nearly 66 and retired. I bought several SFRs before I "retired" and the market was just beginning to recover. These rentals have paid me good money every month for the past 4 or 5 years and I just sold one last month. Bought it all cash for 100k and sold it  for 180k. I don't see that neighborhood growing too much more, so it seemed a good time to sell.  Made a pretty good return on it and I intend to reinvest in further properties. I enjoy the little bit of work that they do require, and intend to keep at it. One can only play so much golf! 😊

I use Excel and just input everything in date order. Have a column for income and a column for expenses....simples.

When it's your property, you can do whatever you want.

You need to read the laws for your state and follow those if it is stipulated.

Greg,

The big question in my mind would be liability of the owner of the property. I'm in the middle of this issue at the moment, and studying it from a homeowner/landlord angle, and it is my take that Airbnb does not give you any coverage....their coverage appears to me to be strictly limited to personal property. If someone hurts themself and decides to sue, who is going to take the brunt? You or owner of the property? Just something to consider. I'm learning that the insurance world in general has not really studied or embraced the "sharing economy" that is cropping up everywhere.