All Forum Posts by: Keao Tano

Hello everyone, I am new to STR and just bought my first home in Desert Hot Springs, but live 2 hours away in LA. In order to get a business license, you need an 12/7 emergency contact. My question is... for those of you managing your own STR from long distance, how do you find these emergency contact people? Also, any general advice is much appreciated. TIA!

Hey guys! Quick update. I was able to lock in a quote at 80k for the pool. It's a little more than a basic pool though. We got one quote for 135k and another for 60k, so we went with the middle quote. Plus they had the best reviews.

 I wasn't even thinking about the tax benefit. Great point! Mahalo!

Thank you all for your thoughts! To clarify, I understand we are still looking at good rates historically. I’ll take 4.875 over pre pandemic rates LOL! My surprise is because I literally closed on another property in January at 2.99%. I didn’t imagine rates would hike this high in less than a month, so getting this number was unexpected for now. Historically, this is not common and wondering what all your insights were around this fast increase and how you see the near future. Personally, I was thinking we had till march for the hikes. Thanks again! Still learning…. :)

Has anyone seen the crazy rates today 2/14/22 for investment properties??? I just spoke with my broker and she said it is at 4.875 (no points). If you have insights into this or have any ideas if it will go down in Feb, please share. 

Thoughts?

Have you guys thought about bringing in a non local pool builder like from the LA area? Wonder if that is even a thing.... 62k for a basic install seems high, but I understand it. 

Thank you guys! This is great information as I am planning for the expenses.

HI All!

I was wondering if anyone has had experience building a pool in the Palm Springs area of CA? The idea is that homes with pools cost significantly higher than homes without. Plus, the cost of the pool installation would be deductible on an investment property, so I was thinking to spend less on a home without a pool and install a pool later. BUT, I have no idea how much a pool would cost. Obviously details of the pool would change the price, but I was just wanting a ball park number. Or if you have done it before, I would love to hear what you got and for how much.

Thank you all!