All Forum Posts by: Jacob Switzer

This newly renovated 5 bedroom, 2 bathroom 2,300 sqft home with beautiful views of the lake offers the opportunity to be cash flow positive from the start. This home has been furnished and decorated with short term rentals in mind, featuring 7 beds that sleep 12-14 people, multiple gathering spaces, a large game room, massive deck and dock to swim and fish from. This property is ready to be rented as soon as you close. A brand new septic system has been put in, eliminating your largest possible surprise expense! 3 hours from both St. Louis and Kansas City, you have a large rental pool of guest driving down to the lake for fun and relaxation. The area has several golf course, a state park, a great restaurant and bar scene and every possible lake activity! The vacation market at the lake has been picking up in recent years with more investor dollars going into creating great experiences in the area. This is your chance to ride the wave up in this location!

Check out the Zillow listing for the incredible views and beautiful turnkey property! 

https://www.zillow.com/homedetails/25-Treetop-Ln-Rocky-Mount...

We are creating a direct booking site for our short and medium term rentals and I am interested in hear your experience and advice. 

We use Hospitable.com as our PMS and they make calendar integration and payment through stripe easy enough. 

I am wondering how people handle security deposits (or other protection) for short term guests?

How do you handle leases for medium term guests, 1-6 months. 

What marketing do you do?

What other advice can you give?

We are looking for a lender that will do a HELOC on an investment property in St. Louis, Missouri. Every lender we have talked to won't do a HELOC on an investment property in Missouri. We have found some that are licensed in other states but not Missouri. We found one lender that can do 75% LTV but we need one that will do at least 80% but ideally 85-90%. Does anyone know of lenders licensed in Missouri that will do HELOC's on investment properties?

Has any one had any luck finding lenders in St. Louis the will make portfolio loans recently? I used my FHA loan last April and don't have enough equity to refinance out of it. I am looking to purchase my second property next month. I am trying to find a lender that will do 5% down on an owner occupied 2-4 unit property. Can anyone advise a lender in St. Louis or anywhere that would lend on a property in St. Louis with this type of loan?