All Forum Posts by: Luke Carl
Luke Carl has started 175 posts and replied 4103 times.
Post: Seeing rental property income before purchase
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Chris Klingemann
You don’t want to see this. It’ a a total joke. You will do way different numbers (likely way higher) than the last guy.
Airdna/mashvisor and most importantly the enemy method is how you learn what it’ll make. Once you have experience you can look at a property on realtor.com and know exactly how much you can crank out if it.
Otherwise to answer your actual question just ask your agent to ask the seller for rental history. But believe me you don’t even want to know what that number is.
Post: Purchasing a cabin in a PUD
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Ethan McCarty
Planned Unit Development. It's basically like a condo but you own the actual dirt. Once you get past closing there's basically zero difference between this and a SFH.
I have one.
Post: How accurate is an airDND report?
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Joe S. It’s about as accurate as it was the last 432289477 times this question was asked ;)
Post: How to organize/keep track of multiple Handymen
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
Originally posted by @Scott K.:
Originally posted by @Luke Carl:
@Scott Kunz
I have them all saved with first name/market/handyman in my phone so I search for handyman and there they all are.
I’ve got dozens of them saved but I really use two of them. Pretty easy.
My problem isn't finding them on my phone... my problem is when I need a repair done, I first have to check when my STR's are empty. I then memorize those dates. I then reach out to all 3 handymen, who may, or may not have time for those dates to stop by and fix problems. The problem then gets kicked to next week. I have to repeat the process of finding new availability, reaching out to all 3. Then I'm lucky, one is available, they tell me they'll stop by!
The following week I check in, problem isn't solved, they got distracted. I then have to re-check all availabilities, reach out to all 3 handymen again. The process is maddening and a waste of my time. The market is overloaded with houses, and not enough handymen to fix the problems. And yes, I have tried finding more handymen, this is why I now have 3 I work with.
That's the gig though. If you want this off your plate hire a property manager or a really bad *** assistant.
Post: How to organize/keep track of multiple Handymen
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Scott Kunz
I have them all saved with first name/market/handyman in my phone so I search for handyman and there they all are.
I’ve got dozens of them saved but I really use two of them. Pretty easy.
Post: What should Carpets cost?
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Bryan Senker. Don’t use a big place like that try thumbtack. There are a million different levels of carpet so 2k could be spot on who knows. I’ve paid anywhere from $700 to $10,000 for carpet jobs.
This isn’t a short term rental question ❤️❤️
Post: Financing houses to short term rental operators?
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Joe S.
I just signed 10% down at 2.75% yesterday there is no say you can beat that.
What kind of properties are you looking to sell exactly? I find it hard to believe that anyone has properties laying around that they'd rather owner finance to an STR operator than do whatever the property was already doing.
Am I not understanding something or does this thread make no sense?
Post: Is AirBNB hurting themselves and or there hosts?
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Zachary Beach. Customer service has gone straight down the crapper and they do NOT care about hosts anymore.
Post: Should I Paint the Interior of STR?
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Bryan Senker paint it and replace the carpet you’re over thinking. Houses need paint. If you have to ask it needs to be done :)
Post: New to STRs. Looking for Advice
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Jordan Brooks My advice is don’t buy things in California.
My other advice is read this entire forum and listen to 400 bigger pockets podcasts :)