Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Laura Casner

Laura Casner has started 21 posts and replied 52 times.

Post: New to searching for land for STRs - Looking for general advice

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

@Carmen Veurink What's your definition of a tiny house in sq footage? I might be misusing the term.  Do you think there is a sweet spot gap of any particular sq footage or br/ba count?

Post: New to Knoxville

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

I can attest that there are a lot of bed contractors in Knoxville. I think I've hired all of them lol. So if you are good and trustworthy then you will likely do well! 

Post: New to searching for land for STRs - Looking for general advice

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

There's so much good info here! I have been wondering about the land size and if it is enough and been thinking I need to be on the land to know if it feels big enough. Also an interesting perspective on the size - I had the impression that they were not as common as they are maybe. I wonder how much style matters - I am planning to do something aesthetically that is not common in the area but definitely need to do a deeper dive into potential competition. I have also thought about doing each of the 3 unites in varying sizes targeting a couple, a family of 4, and a solo traveler given I'm trying to provide a retreat vibe. Has anyone completed a build? What did you feel you did right, and what would you do differently?

Post: New to searching for land for STRs - Looking for general advice

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

I'm looking for 3-5 acres to do 3-5 tiny houses (built into foundations) in the greater Knoxville area for STRs. Any advice on what to look for in land??? Any recommendations outside of MLS to search for land? Anyone build these types of units before and have any advice?

Post: Cash flow Cap X, repairs, and maintenance - suggested percentages of 10% realistic?

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

@Michael Smythe  This is something I knew with logic but didn't have the terms to support. Thanks!

Post: Cash flow Cap X, repairs, and maintenance - suggested percentages of 10% realistic?

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

@Mathios Yonan Thank you for the input!  Confirms my thoughts and that I'm on the right track. 

Post: Cash flow Cap X, repairs, and maintenance - suggested percentages of 10% realistic?

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

@Travis Biziorek Thanks for all those details!  It all confirms where my head is at. When you say "I generally use 20% for capex, maintenance, and vacancy" Do you mean you budget 20% total of gross rent or 20% for each??  I assume total and I think this is where I'm making a mistake - when bigger pockets calculators ask for all three of those I add 10% for each which might be why nothing is working out...  

Post: Cash flow Cap X, repairs, and maintenance - suggested percentages of 10% realistic?

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

I am deep in analysis paralysis trying to find properties in my local market that will cash flow at least a little bit for a combined buy and hold + cash flow strategy. I know the market is not what it used to be, but it seems like I can't ever come out ahead.   I have one property that was a house hack that I kept when I moved out of state. It cash flows but because it is recently renovated there is little to no ongoing maintenance and I know exactly what cap X category things will need done in the next 10 year. But I'm having trouble gauging other properties with these things in mind. Even if I scored a deal for waaaaaay under asking the numbers just don't seem to work. What's a good real world estimate for these expenses?

Secondly, I don't understand how the 1% rule is such a standard if it doesn't account for what the mortgage is. Am I missing something?

Post: Legal recourse for Tennants who move out and stop paying before the lease is up.

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

@Jake Andronico  Thanks for commenting. We will see how long it takes to get it rented out and then I will send you dm if I need lawyer recommendations. 

Post: Legal recourse for Tennants who move out and stop paying before the lease is up.

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 52
  • Votes 14

Thanks for the comment - yes it's the 2nd part that scares me... "collecting on the judgement..." I'm wondering if anyone here has done this successful and how arduous the process was.... ?

1 2 3 4 5 6