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All Forum Posts by: Jim Arnold

Jim Arnold has started 1 posts and replied 13 times.

Post: Tulum Mexico Short-Term Rental

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2

@Willie Cedillo

I have a STR in Puerto Penasco Mexico (AKA Rocky Point). Historically March and April have seen full occupancy for me. The Governor has closed the beaches and imposed a 10PM to 6 AM curfew, the border has been closed to non essential travel. This too shall pass, however many are currently feeling the effects of the virus impact. Tourism pretty much drives the economy of Puerto Penasco and many residents are really having to struggle to get by.

Post: Hardest Lessons Learned from Short Term Rentals

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
@Wendy Schultz Overall it has been a great experience for me, I am starting year 3 with my STR. 1. Walking the fine line between being receptive to a guests needs and becoming a personal concierge. 2. Leaning that some guests feel entitled to taking random items such as rolls of paper towels, toilet paper, cleaning supplies upon departure with the notion that the unused items are complimentary since they paid for their stay.

Post: First REI Deal Alert

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
@Stacey Cook Well done. Congratulations!!

Post: What would you do about your rent?

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
What costs are associated with using Cozy to accept rent payments?

Post: Difference between Apartments Condos, and town homes

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Town homes can also be two similar units that share a common wall

Post: Lender Dropped the Ball and Cost Us Thousands!

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Chalk it up to a lesson learned. Your time is worth more than pursing the 1k lost.

Post: My first post

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Welcome Mike Morgan lots of great information and resources here!

Post: Pre Approval Letter

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Thank you Mike Cumbie for the prompt reply. Thank you Chris M. Credit is solid, just inquiring about the period of time the pre approval will cover.

Post: Pre Approval Letter

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Hello all, when obtaining pre approval for a conventional mortgage does the lender state a specific time frame or place an expiration date on the approval amount? If so, how long is the approval usually good for?

Post: NEW member from Las Vegas, Nevada

Jim ArnoldPosted
  • Investor
  • Queen Creek, AZ
  • Posts 13
  • Votes 2
Hello and welcome Lisa Brown lots of great resources here!
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