All Forum Posts by: Jonathan Styer

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. 

Hi Frederick, Columbus is a great hybrid market for cash flow and appreciation. Wishing you all the best in your new journey! 

Great job! Looks awesome. 

I would speak to your CPA about this. They are going to be the person who can help you best. 

Speaking to the long term furnished rental. I know people that have done it. It's two sides of a coin in that you will have a much lower tenant pool looking to rent your property. On the other side, there really are usually not a lot of options for searching tenants, so you don't have much competition. This may be the route to go for you if you're going to be gone for a long time and don't want to move all your stuff out. You can charge more for furnished long term but not as much as you could for mid term. Have you considered short term rental? I don't know the Denver market but I would imagine there would be demand for it there. 

Overall this is pretty in line with what people should expect to pay in Columbus. I see a little bit of nickel and diming going on here but not extraordinary. @Trent Ecklar is right, the 15% markup on renovations could be pretty costly depending on what is needed. Also, why is the PM getting any pet fee? Just my thoughts. 

It’s a much different experience. I would say it’s more akin to longer term rental than short term. Tenants sign a lease and give a deposit, etc.  

@Davis DeFore Check out Furnish Finder for mid term rentals, it's mostly traveling nurses on there. The supply is no where near the demand from what I've gleaned, so you should do well.