All Forum Posts by: Jon Martin

I understand that this is a potential solution. What I'm wondering is if the new "categories" feature is actively driving people away from more traditional listings. I don't think too many families log in to AirBNB looking for a beach house or ski condo and end up booking a treehouse shaped like a giant caterpillar, although for some segment of the market I guess that could work. 

For which state? The way property taxes are assessed varies widely by state and even between neighboring counties. The sale of a property will likely trigger a new assessment. 

Where is gets really confusing is when there are "mill" points/rates, which can have multipliers and extra assessments for non-owner occupied properties. Usually the estimate displayed in the listing is based on owner occupied. 

It's not the downpayment, it's the fact that your APR is literally double as an investment. A 1-2 point jump is expected for an investment, but double seems insane.

Disclaimer: I am not a RE professional. 

Clif notes or examples of how the "categories" on AirBNB is impacting STR owners?

I would find a new lender. Even with rising rates that sounds way too high 

Probably worth it, but 4 bedrooms is a lot of beds for a single bath. Might be better off with two 3/2s, or at least figuring out a way to squeeze another half bath in each 

Congrats! Exciting area to be investing in. 

Don’t be so hard on yourself. It’s not easy finding your way in this world. It takes guts and drive to grind it out and pay your dues in the entertainment business- most people don’t make it. Also takes drive to start a business of your own. You took an important first step in finding your way here. Keep taking steps to surround yourself with better people and make positive changes, and you’ll get there. 

If this were for a conventional owner occupied that would sound high, but for an investment property that doesn’t sound unusual these days. 

All valid experience. I have heard others comment how their markets improved during economic downturns. Then you have the types of places that are a summer/winter tradition for their friends/family that people make happen no matter what. 

The last place I would go if I was tight on cash would be Las Vegas, even though I realize there are other things aside from gambling to do there.