All Forum Posts by: Mitchell R.

@Jack Yen I have a good one for str.

I am looking for the best value in fitted sheets, flat sheets and towels. I have two properties that are vacation rentals. I need durable linens at a good value price. I have already priced Costco and theirs seem like a natural fit. Just wanting to know if someone else has had to spend time on these decisions.

@Theresa Harris I have purchased this year too. Since my purchase they have rapidly increased in value. My concern is buying in a Sellers’s market. How do you make sense buying when everything is on the seller’s side. I think having something to sell in a seller’s market is smart, but maybe not for buy and hold folks?

With rents going up and property values too high, what are people doing with cash? For my investment style I see better value in winter on beach vacation rentals, but I worry about not deferring my taxes. I have long term rentals and vacation rentals. I am trying to figure out what to do with the cash. I see value in building, but not earning money on money for a year is disappointing. I thought of out of state investing, but I have a legitimate trust problem with property managers. The beach rentals do not seem to be at a discount when I calculate depreciation and other losses. Long term rentals are too high and I cannot receive the rents needed to cover cost. I wish I bought more property the last ten years. Inflation looks to be real and increasing. It is difficult because I went through the Great Recession and am naturally a pessimist. I never speculate and only let the “actual” numbers be my guiding light. So in this environment, do we sit on cash and wait or buy high? Or are there any other thoughts?

Does anyone have experience with Evolve property management? They charge a low rate and line the owner up with cleaners and maintenance. I have several vacation rentals and would like to know thoughts on property managers. It is absolutely necessary for me to have a property manager.

@Miles McClure I found this on the sba website. Page 51 under 3.27 discusses refinancing rentals due to small disaster. https://www.sba.gov/sites/default/files/2018-06/SOP%2050%2030%209-FINAL.PDF

@THU NGUYEN I received deposits for both my llcs. I am curious to see how much of a loan I can get. It may important to note, I have a duns number with credit signal and noticed one llc has a new inquiry but the other did not. Are there any ideas of what to do with the loan if it is less than a mortgage but still substantial?

How many employees did you list?  I assume two?

@Mitchell Richard I found this on the SBA website.

https://www.sba.gov/sites/default/files/articles/EIDL_Information_and_Documentation_-_3-23-2020.pdf

It looks like I cannot restructure debt. It seems the eidl loan can pay some obligations, but I still have to pay it back. Doesn’t seem like it helps landlords much.

@Michael King the cap I saw as $25k unsecured and up to $2m secured.