All Forum Posts by: Lance Mundo

This happened to us this summer. A mother and her 13 year old son fly in on the red eye. That afternoon the mother crashed in the bedroom and her son crashed on the living room couch. A little later the son who was either totally asleep or close to it, got up and walked in the direction of where his bathroom at home would be. He opened the apartment door into our hallway and opened another door at the top of our basement. He then stepped into the air and fell down a flight of stairs.

It was terrifying. The poor mother slept right through the ordeal. I had to actually walk into the bedroom and shake her awake as my husband stayed with her son at the bottom of the basement stairs. I strongly encouraged the mother to take her son to the emergency room since he had hit his head as he went down the stairs. This meant an ambulance because none of us had a car. Thank god, he was deemed to be fine but we've been expecting to hear from their health insurance company. So far we haven't and hopefully, Airbnb or our insurance will cover it, if we do.

But now our insurance company won't renew our policies next year. It has been super difficult finding an insurance company that will cover us because we rent both on the STR market and the academic market. Evidently the combination makes us close to uninsurable!

@Lance Mundo,

Yes, unfortunately your question is too broad to give the kind of answer you want.

Nationwide price trends are not something you are likely to capitalize on directly. All real estate is local and local factors will always have more impact. For example are people migrating into or out of a market or maybe a LARGE employer leaves a market. Those kinds of things are always impacting each local market.

Its always a good time to buy and sell in general! If you find a deal that makes money buy it. If you find somewhere else you want to deploy your money better sell. More often the determining factors to buy or sell are related to your specific situation than they are national or even your local market's conditions although they can be.

Keep in mind EVERY kind of significant action in your market creates some kind of opportunity. Factors may come about creating more opportunities to buy distressed properties... Or prices may jump up creating opportunities to sell or refinance and redeploy capital into better deals.

Hey Lance,

You want to be watching the Fed's press releases as well. That's what most major new networks are using to predict anyways. It will give you a lot of insight into how our monetary policy is going to shake out in the near future.

Hope that helps!