All Forum Posts by: Luke Carl

Bravo! Self management is the way to go in STR.

Check out airdna.com and mashvisor with large grains of salt. 

The best way to calculate return is the Enemy Method

CLICK HERE

I look in VACATION markets. Places where a ton of people visit and few people live. 

 BOOM! Why didn't I think of that! Yes.... Her PO box is on the check. And you have just provided value to my life, my dear. For that, I think you. 

An excellent question that I failed to address in this post. I do not know how she has my primary. Some very clever detective work of some sort. She is my only (of 28 doors) tenant that does not (and refuses) to pay on my PMS. Again, low-income bad neighborhood - mo problems. 

I've posted about this tenant before. 

Bad neighborhood. Nice flipped house. 

She texted F-bombs at 3am on Easter morning. Yeah.... her. 

House is SPOTLESS and she pays rent on time but man she is a nightmare. 

Well, she's been mailing her rent checks to my primary and I just cash them and move right along. Problem is.. I'm moving, and her lease is up. 

She does not have a mailbox and insists I use her PO box but she won't give me the PO box address. 

DO I... Install a mailbox and send her notices... 

Post on her door... 

text her my new mailing address and forget about the whole thing....

Send her a non-renewal and deal with the next terrible tenant because it's such a bad area... 

Other suggestions? 

@Andrea Garcia. Most of us don't recommend doing STR in a city. We are doing it in vacation areas. Mountains, lakes, beaches. Cities have rules and neighbors and permits and police.

Sorry I can’t help hopefully someone will be along soon.

@Cliff H. I’m being told +/- 2 weeks and the YourPorter situation will be fixed.

Ask a CPA. But before you do that. Ask that CPA how many rental properties they own. 

BUT BEFORE THAT I WOULD.... 

Sell that thing and 1031 into a bunch of down payments on properties that actually make money. 

@Cliff H. I know people :) Although they didn’t tell me about this. Very exciting!

@John Cornelius. I don’t think I’d be interested in a property that left any white spots on my calendar. All of my STRs have been same day turns since day one. In fact I had to think about what you were saying for a second? 🤪

I’d be happy to elaborate but I’m busy counting @Paul Sandhu’s money.

@Wade Kulesa Ramsey does nothing but teach poor people how to stay poor. Read some Grand Cardone books.