All Forum Posts by: Julian Broyles
Julian Broyles has started 18 posts and replied 68 times.
Quote from @Yiwei Cheng:
Hello! I agree that it's harder to manage by the room logistically (roommate dynamics, common area cleaning, etc) but it is allowed. You can check the ordinances in the city to confirm.
What makes you want to rent by the room vs the entire place? That's where I recommend you confirm - can you really make more money renting by the room vs the entire place? and is that worth the effort?
Rent by the room for midterm rentals. I was told by "friends" you can only do your entire home. I need new friends lol. But yes that's all I need to know, it's possible.
Hello all, I am located in Phoenix Arizona. I am getting started in the midterm rental scene and wanted to gauge experience where anyone has started in setting up midterm rentals. I've spoken to two companies that does MTR but told me that you can only rent by the entirety of a unit and wanted to know as well if you can rent by the room if you have more than three bedrooms in the house?
Post: PadSplit / Co-Living- Florida
- Phoenix, AZ
- Posts 73
- Votes 17
Quote from @Ray Nunez:
Im happy to explain PadSplit further. I live in Orlando and I work for PadSplit. I opened all of their florida markets and ive helped the company expand Florida to be the most successful state in the country. I also own 47 doors on the platform as an investor myself. I am happy to expand on topics of rates, cities, etc.
Hey brother. Does pad split offer midterm rental assistance now?
Post: Property Management Fees for Mid-Term Rentals
- Phoenix, AZ
- Posts 73
- Votes 17
That would be terrific. Do you know if there's a company that rents by the room for midterms? I've only spoken with two companies that work with housing for one person and the property that I'm looking to obtain is a three bed
Post: Mental block buying your first property
- Phoenix, AZ
- Posts 73
- Votes 17
Quote from @Margarita A.:
Wondering if others have had any mental blocks when making offers on their first property or buying their first property in general.
What were they and how did you overcome them?
The mentor thing I agree. But you need a partner or accountability partner.
Post: Property Management Fees for Mid-Term Rentals
- Phoenix, AZ
- Posts 73
- Votes 17
Quote from @Allen Duan:
We manage mid term rentals in Los Angeles and 15% is our typical fee. We do 20-25% for short term rentals so you're on the right track with your thinking. It is much less work than STR since you can have turnovers only once every 1-3 months.
Let me know if you have any other questions :)
Post: Nightmare property. What would you do?
- Phoenix, AZ
- Posts 73
- Votes 17
Quote from @Kris Mead:
Quote from @Julian Broyles:
@Kris Mead
Following back, how did that work out?
If it makes decent cash flow I would seller finance it to someone.
Post: Have $500,000 to invest but I'm not sure where
- Phoenix, AZ
- Posts 73
- Votes 17
@Antonio Coa a multi family 🤑
Post: Nightmare property. What would you do?
- Phoenix, AZ
- Posts 73
- Votes 17
@Kris Mead
If it makes decent cash flow I would seller finance it to someone.
Post: Taking Over a Property HML
- Phoenix, AZ
- Posts 73
- Votes 17
@Anastasia G.
The condo never got an hoa set up so the city sees it as non financable. Cash is the best route as there is no interest rate. Later refi with a dcrs loan or getting the paperwork set up for it to be approved for an hoa.