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All Forum Posts by: Jesse B.

Jesse B. has started 3 posts and replied 69 times.

Post: Would you allow a tenant to install a wireless pet fence?

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

I would allow it, but would want to help install it to make sure it is done right and to know where it is located.  I also think it makes a feature in the future for potential tenants.  These fences do require the owner to work with the dogs to train them though, you can't just slap a collar on the dog and turn them loose in the yard.

Post: Rental Market in Cheyenne

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

@Teague Anderson I take care of them myself.  If I were looking to find someone to do it for me, I would probably contact some of the highest rated listings, or even go stay at them while I was looking at places and ask the owner of the listing if they would be interested in managing yours.  In Laramie, you could probably find a college student to manage them for you, probably just post on a university job board.

I'm not sure how Laramie would do.  In Cheyenne we get a lot of long stay guests in the form of  physical therapy and dental students doing practicals for a couple months, people in town for the legislative sessions, retired hockey team parents and military transfers arriving before their family's.  In addition during frontier day's you can pretty much charge what you want and there is always lots of people stopping for the night on the freeways.  

In Laramie, I'm not sure how much the university would bring in, of course there is the traffic off I-80, and a lot of snowmobile traffic in the winter (if you have a place for trailer parking) but, I'm not sure how many long term guests you would get.  The long term guests don't bring as much revenue per night, but they are a lot less work!

Post: Rental Market in Cheyenne

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

One other thing about Cheyenne, is contractors are insanely expensive and not very responsive from what I have seen.  I generally do all my own work but thought I would get some help with a couple of projects.  After I saw the quotes (from the 2 out of 12 that called me back) I decided to do the work myself.  I am currently considering starting my own contracting business after seeing the markup and poor service here.

Post: Rental Market in Cheyenne

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

I will send you a PM with some contacts that I use, I have been happy with both for my needs.

Post: Rental Market in Cheyenne

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

Hi Aimee,

I have both rentals and do airbnb in Cheyenne.  I'm not currently looking at anything myself as I believe prices have outran rents at the moment.  But if you can justify it by not having to travel back and forth sometimes it may make sense to you.  You probably need to define if you want to do airbnb or a rental as you probably have different buying considerations at that point.

My rentals are generally at the low-upper/high-mid side of the Cheyenne market.  I just filled 2 in February with no trouble and plenty of qualified applicants, these were places with 2 car garages, stainless appliances, front loading washers and dryers, nice flooring, central AC, etc, and allowed pets.   A LOT of people don't allow pets in Cheyenne, so allowing them makes a big difference in the pool of candidates.  Garages are a big plus for rentals here as well, I couldn't see buying another without at least a single garage.

I think a person could still probably get some cash flowing houses at the very low end of the market. I just don't have anything in that market, so don't know as much about it. 

For Airbnb, here are the things I get asked about the most.  How close to downtown/shopping/restaurants, etc.  How close to Frontier Park during Frontier Days.  Private bathroom, laundry and kitchen privileges, parking situation, pets, and how easy to get to from I80/I25.  Arrival times is another one, but using a programmable front door lock and good house manual can fix that.

Do you do airbnb currently?  Keep in mind you will need to provide wifi and cable (or netflix) and will have all the utility bills.  And you will have to furnish the place.  You will have a good headstart on long term stays if you are not there all the time, but will want to consider how many rooms you are going to rent.  Long stay people like to have a lot of private space, and not just in their bedroom.  If you pick up a lot of overnighters, this can be a lot of work as well.

We had an airbnb at a cheaper condo and were able to do about 60% higher cash flow than renting, but it was a major headache as it did not have the parking for it and was a lot of work cleaning and changing bedding and keeping the common areas shared among the guests.

Another option would be just to get a roommate.  You could probably get 600-650 for a roommate with a private bath in a nice place, possibly even shared utilities.

If there is anything I can help answer for you just ask - Jesse

Post: Cheyenne, WY 7 Unit Apartment Complex

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

Can't believe I missed the updates.  Incredible story @Jeff F.!  Thanks for sharing.  Sounds like a ton of work, but an exciting learning adventure. 

Post: Cheyenne, Wyoming Meetup

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

PM sent!

Post: Cheyenne, Wyoming Meetup

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

Are you talking tonight?  Friday night?  I can do that, haven't been able to catch up at any yet!

Post: Cheyenne, WY 7 Unit Apartment Complex

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

Awesome Jeff! You are braver than me, but I think you are on a great path! Looking forward to seeing your updates! 

Post: How to sell used cabinets

Jesse B.Posted
  • Real Estate Investor
  • Cheyenne, WY
  • Posts 71
  • Votes 37

try the cheyenne area online garage sale facebook page or the FE Warren AFB Virtual yard sale Facebook page.  I occasionally see people selling cabinets there.  

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