All Forum Posts by: Heidi Kenefick

I certainly would not want my neighbors to dictate who can and cannot come into my house. Just as I wouldn’t dictate who can go to theirs. I rent out Airbnb in my house, and it’s is like have a rotating roommate. I’ve met some of the coolest most interesting people this way. For all the chatter about bringing down the neighborhood, I challenge you to explain why and how having a STR would bring down your neighborhood. What if a family moved in that looked different or had a different religion or cultural belief, would you want to city to ban that too so as to not bring down the neighborhood? Banning just doesn’t make sense.

How exciting!! Try ikea. They have great furniture/dishes/linens/garbage cans etc for really cheap!

Sounds like you already know what you should do.

As a host and a frequent user this is what I recommend: -start with a lower price until you get a few 5 star reviews - reviews are everything. Do everything you can to get great reviews. - respond to all inquiries immediately. Even if it is to decline a booking. - screen who books. Read their reviews and if they have a bad one decline it. - if you can get a long term person in, ie: someone looking for a temporary place because they are moving or doing travel nursing etc, you will make more money, and save a lot of time doing clean up/turn over. - provide toiletries, menus from local restaurants for take out, some snacks etc. - place must be very clean

I don’t know if you can legally tell someone that they cannot own a gun. However, they should not be shooting them in your building, as that would be illegal. A friend of mine was in his living room when the tenets in the floor above them “accidentally” shot off their gun through the floor, and the bullet went straight through his mattress. He could of been killed if he were in bed. My old roommates brother was showing her a new gun in his apartment, and she didn’t check the chamber and nearly shot him in the head, the bullet got lodged in the brick wall behind him. Most gun shot wounds are accidental, not criminal. So let them own the guns, but if they shoot them in the apartment that could be fair grounds for lease termination. Make responsible gun owners be responsible.

Check out a Fannie Mae/ Freddie Mac homes on homepath. I have been looking there and the properties are much cheaper than the traditional sales. If you are going to live in it, you can get it before investors when it is in the first look phase.

Can you get a FHA loan for only 5% down? Or depending on your profession (healthcare specifically) you can sometimes get loans for 0-5% down without PMI. Might be an option to look into to get your first property!

You find yourself in a great situation. Can you raise the rent so that it has positive cash flow? If you can make it cash flow, it might be nice just to refinance to get the money out of it to buy the duplex, because then you have two properties. Otherwise, selling is a good option, but with that much profit you could probably buy more than one duplex, especially if you are only using the cash for the down payment and leveraging the rest.

Hey all, Can anyone give me advice on the best location for cash flowing multi families in Connecticut? Specifically the greater Hartford area? Preferably a safe neighborhood... thanks!

Parker Stone welcome! I live about 1 hour from Raleigh in Greenville NC. Have you thought about Greenville? I ask because the houses are much cheaper than the triangle, rent is about the same (maybe a little less) and it is the fastest growing city in the state. You may get bigger returns if you check it out. :) just a thought for you to consider!