All Forum Posts by: Chad Hale

PM sent

Short term rentals "can" make more money IF they are kept full.

You also have more effort/time to be constantly screening for the next short termer.

These types of rentals are much more hands on than a traditional rental.

So, it depends on what your goals are for your time, money, effort, headaches etc

@Jenifer Levini  I won't say more than that on a public forum.  You are welcome to call for details.

I see posts often enough about listing rentals online with photos and scammers stealling them to make fake posting.

Thought, I'd offer a cheap water marking software solution:  star-watermark dot com

No affiliation, etc  Just happy with the product for the price and wanted to share.

I would NOT recommend Vacasa

Star Watermark is cheap and easy to use.  

star-watermark dot com

No affiliation, etc

Thought I would provide an easy solution to help prevent the scamming.

@Suduk N. 94089 has traditionally been a cheaper less desired area of Sunnyvale. I have not looked at trends/comps in that area in a while. Whether you can make some profit buying now with negative cash flow depends on where you believe the area is in the real estate cycle.. Do you believe a 3-5 year hold will capture enough appreciation to cover all the expenses (not just PITI) and justify the risk?

Talk with her first, then her broker.  If needed contact the DRE.

Quickbooks is quirky for sure.  But once your chart of accounts and classes are properly setup it is helpful for generating reports to see where/how money is being spent and coming in and lots of other items

Since you are using PM's, I would expect that they would send you a year-end report in addition to your monthlies.  They should have all expenses other than major expenses that are likely depreciated and not that often.

Can you elaborate on the pile of receipts that you are going through?  I would expect that to be really small assuming the PM is doing what I think PMs do.

Every situation is different.  I'd ask for a higher security deposit based on the strength of the applicant.

Also, don't forget to put yearly increases in your lease and make it NNN too.