All Forum Posts by: Kenny Smith

@Nick Lavore

Once you go under contract, just make sure your Realtor includes the title record and off record title deadlines.  These deadlines give the title company to do their due diligence and do a title search to pull up any liens or encumbrances on the property.

Title should balance this by closing, unless the seller will only sell the property as is.  Let me know if you have other questions.

Good luck!

@Han T.

I currently have 3 STR's and an LTR in Denver, but from Columbus originally! I know the area well, so feel free to reach out with any questions you may have.

Best of luck!

@Chris K.

All great responses here!  We've gone the amazon, walmart, or Facebook marketplace route.  If you are spending more for high end furniture, you're making a mistake in my opinion.  Keep in mind, your guests are not going to treat your furniture the same way you would.  It is going to get beat up, and not worth paying extra money for something high end.

Find high end looking furniture at a discounted price.  May not be the best quality, but you won't be upset when it gets beat up.

Good luck!

@Christy Osterkamp

We have a few properties in which we do basement STR's with a private entrance. A couple things are important for them to know.

1.  Make sure you are very clear this is a lower level unit of essentially a duplex.  Don't have them caught off guard on what your unit is or is not.

2.  Noise can be a factor is not properly insulated in between floors.  There are some easy ways to help with that.  If there is connecting door to the units, put up a noise cancelling curtain or insulate the doors.  I went as far as adding in blown in insulation to the ceiling.  Not 100% necessary as you can still hear people walk from the vibration, but people talking has been almost eliminated.  Also, insulate your vents openings.  It can help tremendously with noise dampening.

3.  Temperature control.  This is a very common "issue" that comes up.  Again, need to make it very transparent that you keep the temperature at certain levels such as 68-70, etc.  Make that very clear in your description.  Provide space heaters for each room in case people want it warmer.  

4.  Make sure you let them know this is not a party house!  We make it clear in our description, when they book it, check in instructions, welcome book downstairs.  This is your home and people need to understand that.  Knock on wood, we've had really no bad experiences with regards to parties because we follow our steps to ensure it won't happen.  

Let me know if you have other questions, good luck!

@James Coats

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Shawn Stimmel

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Jackson Keefe

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Evan Zukal

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Sam Keating

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Cody Hughes

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny