All Forum Posts by: Les Jean-Pierre

My family has a rental property in NYC and had a regular insurance policy and also an umbrella policy from the same underwriter. My parents had an umbrella policy through their homeowner's policy for a while. Doing the math, it was cheaper to do the umbrella with the underwriter who wrote the policy for the building. I note my parents live in NY as well.

I hear you. Thinking about it, I think my question is what is the best way to market to any distressed population? Like I said, I have a carrot site. I have Facebook ads too. FB seems to be getting some views but it doesn’t translate into anything. Maybe I just need to do direct mail.

Hello, I am seeing some distressed properties being scheduled for auction at low(for NYC) prices. I can't go up against the deep pockets at the auction. I have a carrot website and an instagram profile. I need to get to these lower cost properties well before the auction. Direct mail? Any other suggestions? I am a landlord too and have a commercial space so can have a meetup there. But, want to get some other ideas.

Thanks!

I’ll get the exact model but it is a Honeywell thermostat.

I think what is going on is that the property is inherited and one of the heirs is a holdout or something. The property has issues. I would have to get it at a bargain basement price to take it seriously. Thanks for the input.

Hello BP, There is a property that is on the market trading way under market. I called the broker and found out the reason is the price listed reflects buying 75% of the property. Looks like this is an inherited property. So, maybe there is a holdout. Anyone ever encounter a situation like this? My thoughts are try to negotiate with the holdout or buy the property and then start a partition action. I would rather hold onto the property. Let me know your thoughts. Thanks!

I used this smart lockbox that gives a temporary code. Worked fine. I think the client was a big reason too. So, made a nice sum of change for a one day rental.

You hit it right on the head. That is glass. I found a smart lockbox that should fit the bill. It is a short term rental but not residential. It is for parties, etc. Thus, little skittish giving out the code to a regular lockbox.

I think it helps. I would be renting out a store space for pop ups, parties, etc. So, it certainly isn't residential and is closer to a hotel but I have never seen this niche discussed. THanks

Hi, I understand there are certain tax deductions for short term rentals. I have a commercial space and am starting to do events through Peerspace, etc. Can I take advantage of the STR deductions or is it only for residential properties? Thanks