All Forum Posts by: Luke Carl
Luke Carl has started 175 posts and replied 4103 times.
Post: You know what short term rentals don’t have? EVICTIONS
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
All this talk about evictions being taken away by the city of Seattle and even my own LTRs in a very landlord friendly area has no court dates until who knows when....
It makes me love my vacation rentals a little bit more.
There’s no lease!
If a guest tries to over stay their welcome or is doing something stupid like blasting music from the hot tub at 3am.... you call the cops and have them removed. Simple as that.
In the past week my smoky mountain cabins have filled up so fast I’ve raised my rates 3 times.
***(note for noobs) if you let your guests stay longer than the legal limit without a lease they of course become tenants with rights (28-30 days). In my market the average stay is 3-4 nights.
Post: STR owners file federal lawsuit against FL gov actions
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
I’m playing ball. People are begging to rent my Destin home. I’m doing what I think is right and telling them no. I do not think the order is right and I support the lawsuit.
Post: Chattanooga Days to Rent
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
Filling quicker than usual. Maybe 2 weeks.
Post: 85% LTV lender in Chattanooga, TN on multifamily (2-3 fourplexes)
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
If you find this person I want to talk to them!!!!
Post: Coachella Valley- Professional Photographer Needed
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
Google “real estate photographer”
Post: Chattanooga Title company
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
Chattanooga title downtown. Love them.
Post: Property Management Company
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
Originally posted by @JD Martin:
Originally posted by @Kristina Bayes:
My husband and I are thinking about purchasing a vacation property in the Orlando area. We intend to rent this out now and use it as a winter home when we retire. We prefer to be in the Disney area. I figure that we will need to use a property management company to run the unit because we live in Ohio. Do you have any management companies that you would recommend? We would like to use it as a STR but will do long term if needed.
Thanks!
Keep in mind that if you get a federal-backed mortgage as a vacation home you cannot rent it out and use a property manager. There's some written guidance from Fannie Mae on this. You are allowed to rent it out as long as you reserve some time for you to have the property available for use, but you have to be the PM.
JD is correct!
Vacation home loans (10%) no Pm.
Of course she can do an investment loan (15%) with no issues.
Post: I Need Grill Input Please
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
I just posted about this recently. My take on it was Gas for 600k+ Weber for 600 and under. :)
Post: North Carolina Mountain Lake House
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
@Brandon Dawson. the title sounds very relaxing
Post: Property Management Company
#3 Short-Term & Vacation Rental Discussions ContributorPosted - Rental Property Investor
- Tennessee Florida
- Posts 4,236
- Votes 5,689
If you don’t care about money call Evolve don’t use a local