All Forum Posts by: Jeff Halverson

@Bruce Woodruff Thanks Bruce, and all other comments!  

I am going to take your advice about the head count.  The house is actually very big (6 sleeping rooms, 3 living rooms, etc) but it is not worth the trouble. 

@Luke Carl Thanks for your thoughts!

@Sergey A. Petrov Thanks for your thoughts!  I have definately tried reasoning with him.   During the remodeling phase, he told me he will never accept short term rentals and will fight this...

@Trish Mccoy Thanks Trish! That's what I thought too. I don't manage the property myself and definately should have been more clear about the COO limit. Nonetheless, I am in compliance with all other aspects of the property so am hoping I am in good shape.

I just don't quite understand what his "case" would be.  Am I volating any legal agreements between him and I?  I would think that the state can certainly take action against me but don't see how he would be involve other than as a wistleblower. 

Thanks again. 

@John Clark Thanks for the very helpful reply.  

Hi - I purchased a home in Sevier County last year, remodeled it, and just got it on the short term rental market. I have a COO for 12 people but listed the property on AIRBNB at 16. My neighbor, who is vehemently opposed to the short term rental called the county and apparently he has an attorney.

Does my neighbor have any type of "case"?  He'd like to shut me down but other than that I am wondering what other implications there may be?   It was a mistake to list it for 16 people and have since taken it down. 

I'd like to start a dialouge with an attorney and may need representation at some point.  

If anyone has any insights or similar experiences, particularly in TN, please let me know. 

TIA,

Jeff

Hello - I recently purchased some raw land near a major highway and am wondering what the best use is for the land. Can anyone who’s developed land or knows something about developing land tell me if there is a study, or some method of determining what to develop the land for? Any insights are helpful, thank you!

Jeff

@Todd Goedeke 2% of 600k is nothing to balk at, but I am wondering if an agent would be more eager to show to potential buyer in my case.

The other marketing you mentioned makes sense to me as well but the property is out of state, I really don’t want to spend a ton of time marketing yet.

Thanks for the reply!

Jeff

@Todd Goedeke Thanks Todd, the problem here is that a buyer agent would only receive 2% on the deal and it will be less attractive for them to show.

I’ve been approached already by a buyer agent who probably had more excitement about showing her buyers that the buyer will themselves.

I do think that the next step is to pay to get it on the MLS.

Jeff

@Will Fraser Thanks for the input Will! You make a great point about realtors being involved in the vast majority of real estate deals. I was reading another blog and it reminded me that although worming through a real estate deal may not be intimidating to me but is for a lot of buyers.

Also, I am not trying to take anything away from a seller agent but I’ve always felt that many times, they list the house and then sit back and wait for a buyer. I am hoping a buyer agent will really push this one given the high rate of commission.

Jeff