All Forum Posts by: Kano Wu

I am interested in a property which is currently using as a residential program for people with mental disabilities.

The numbers looks good, great cash flow. Catholic Charities pay the owner each month, but they don't have any kind of written agreement which is my main concern. The owner has a property manager visiting the house in a daily base and check out the tenants. He said the property manager would like to continue working with the new owner and I don't need to do anything after I take over the property. 

I am very hesitated to take over because I don’t know what kind of liability I might have and what kind of problem I might face.Do I need any extra insurance to protect my investment?

Has anyone deal with this situation before?

Thanks!

@Kevin D. Hi, I’m interested in a property which is using foe charity residential program. The residents are all mental disabilities. The owner has a property manager visited the property in a daily base and he said i don’t need to do anything after I purchase the property and the property manager will continue managing the property. I am very hesitated to take over because I don’t know what kind of liability I might have and what kind of problem I might face. The number looks good and the rental checks come from the charity every month. Any suggestions?

Thanks!

It turns out Pocono township does NOT allow Airbnb. I decided not to put down that off and try other town.

Thanks for all the help!

@Scott Rankin

Thanks for the information. Both properties was doing as Airbnb for a couple years, I assumed they can use as Airbnb. Maybe the sellers sell them because of the changes. I will find it out.

Thanks!!@Alesandro Breguez

Do I need to be very close to the slopes to get winter renters?

Thanks! @Scott Rankin

I am putting down an offer in Alpine lake, 18332.

200k for a 3br chalet.

I put down an offer of 229k a couple weeks ago in the same community, similar chalet but better shape, but the seller didn’t pick my offer.

Both of them are in Airbnb right now and shows 60-70% occ.

I’m from Jersey and definitely need a property management. Do you have any recommendations? My main concern might be if I can find reliable people to manage my property. I own a business and I have to do all the work when my employees give me no show which is my biggest headache.

Thanks again!

I am a newbie and just about to put down an offer. I read some post that was a couple years ago and didn't suggest Poconos area. I don't know if things changes because of the pandemic. Anyone runs STR during last year?

The house that I want to purchase is on Airbnb right now and I run the numbers on Airdna and it turns out pretty good. It's not lake-front but it is lake accessible. Cute 3br chalet. I saw many people saying OCC is only 25% while it listes 60% on Airdna. How accurate is Airdna?

Thanks
 

Hi, how is your STR going? I'm thinking to buy 1 in the pocono area too.