All Forum Posts by: Jonathan Styer

 Yes!! Thank you for adding that, forgot to mention that you take care of them with regards to that. 

@Nicole Heasley Beitenmanundefined

Hi @Alex Schober, I have not experienced this, but I do have a contingency plan in case just a need arises. I would start by finding a replacement property and reach out to the host, let them know the situation and that you're looking for a place for your guests. This should be an upgrade for your guests, which sucks, but none of this is their fault. 

Once that is lined up, then you need to inform the guests of the problem and the solution. At which point they have the option of going to the other place, or you will cancel their stay for a full refund. 

Worst case is you'll need to cancel your reservation or walk your upcoming guests to another comparable STR.

I agree with other commenters on initializing the eviction process ASAP. You might scare them out with that or, they might ride it all the way out until the actual eviction. Regardless, there is no guarantee that they'll be out after 15 days so you need to start it now, they've already shown that they don't adhere to the agreements. If after you start the process, they don't get out right away, I would work on protecting your reputation on AirBnB and finding other accommodations for your STR guests.

Let us know how it goes and best of luck. 

It truly is incredible the amount of money that's coming into Columbus. 

There are some central areas that have high saturation. I've had success going outside of 270 where you have less competition. I have worked with a few clients who are planning on riding the Intel train and investing in the NE area for STR while they still can.

Anything you hear from anyone is just a guess, no one knows the future. That being said, here's mine: 

Intel is going to have a crazy impact on Central Ohio, beyond just Columbus. The housing demand is only going to increase, and we are currently in a shortage. There may be a dip nationwide, I just don't see Columbus going anywhere but up, barring something majorly unforeseen. 

This Intel chip fab is going to be the biggest in the world, and the entire country needs it. It's funded by the federal government, so it's happening. We just don't have enough housing, and it's not being built fast enough, so prices are just going to go up. Again, this is just my opinion. If you're looking to buy in Columbus, now is the time, well, 

Feel free to reach out to me if you want more info on what's happening with Intel. 

Hi @Garlin Smith, You'll find there are many investor/agents from the Columbus area here on Bigger Pockets. Happy to connect!

Hi Silo, 

I'm happy to share my STR experiences with you. I invest in Columbus in long term, mid term, and short term rentals. Feel free to reach out and we can chat.

You're getting some great advice here. If I can add, I would look to do an 18ish month lease when you do find a great applicant to prevent being in this same situation again. This is the hardest time of year to find a good tenant and you want to get on the warm month schedule if at all possible. 

I've been helping buyers in the immediate area looking for both short term and long term rentals. I'm currently working with a former Intel employee who is looking to buy up long term rentals. They believe there will be an huge demand for rentals as employees move in and are not ready to purchase until they are a few years established. 

I also recently helped a client buy a SFH on a commercial lot, they will be using the home as short term rental for the next 5-10 years with the anticipation that a commercial buyer will come down the pipeline as that land becomes more and more valuable. In the mean time, there are not many STRs in the vicinity for competition.

There are many strategies available to buyers in the New Albany/NE Columbus/Newark/Delaware area.