All Forum Posts by: Robert Ombres

Through my research on the same topic, I've found Furnished Finder to be the "go to" for most travel nurses. For higher level providers you may have better luck making a connection with HR. The intricacies of those contracts could create a slightly different rental process than the typical travel nurse/respiratory therapist/etc.

Painters- anyone have great experiences with anyone? I have a small job coming up that I'd like to "try out" a new painter with and a larger project in a few months if they're a good fit.

I've had @Jon A. do some random jobs as a "handyman." Great communication and work- very reliable. Also, he's a fellow investor and part of the community here!

There is no law saying a licensed agent can't be a wholesaler. Licensed agents don't have much of an ethics code. Realtors do.

The argument is that a wholesaler isn't looking out for the sellers best interests. If they can sell the contract as a wholesaler, they are likely not being honest about how.much the property could sell for "on the market."

Of course, not everyone is interested in receiving top dollar and netting the most money. There are other goals out there- like selling faster, not having to do repairs, shorter escrow time, etc.

But to argue those points, those terms could be found "on the market" too, while likely netting the seller more money.

My opinion is that wholesalers generally aren't interested in meeting a clients goals. Most of them aren't great at getting a contract sold eirher- they're typically morons these days with no knowledge of the property, zoning restrictions, local regulations, etc. Their ARV and renovation costs aren't data supported and usually wrong. They can't answer questions. They bring zero value to the deal.

In those cases, the home owner would have benefit from listing on the MLS with an agent.

What reason would a licensed agent be a wholesaler? We know properties sell at higher prices and quicker when listed on the MLS. Wait, quicker? Yes. If you take the lower price point "deal" the wholesaler could have sold for and listed it on MLS at that point, it would sell quicker too. And the seller could choose the offer that best meets their terms.

So back to your question- legal in NC? There isn't anything from the North Carolina Real Estate Commission that says a licensed agent can't be a wholesaler.

I don't believe the Board of Realtors specifically denies it either, though they may. Not my chair not my problem.

I simply see very little reason for an agent to work that way. I believe they could provide better service and results to the seller acting as an agent and make more money themselves. You also don't have to worry about potential lawsuits from angry sellers after they find out they could have sold for more. 

Hey Justin. Let's connect. I have someone out that way you should talk to. 

Different niches for sure. Thank you for your insight.

Hey @Chris Harjes did you find a PM for this?

Welcome @Bryce Alabaster. This year I've switched all of my client referrals to Lancaster Law Firm in Asheville. Message me (or google it) for their contact info. The forum won't let me post that info here. They're very helpful and have impressed me with being better with communication, timeliness, and willingness to put some work into the "rocky" deals. I won't get anything from it, but tell them I sent you along.

I'm sure others will chime in with some good recommendations as well- I think there's another thread on this very topic somewhere in here. I may have even started that it.

@Jon A. though I think you know this, let's not put out information that isn't accurate- VRBO's aren't "illegal." Short Term Rentals, anything less than 30 days, are not allowed in most residential zoning areas. There are a few zoning areas they are still allowed and there is also the ability to have a homestay permit which will allow up to two bedrooms to be rented short term. I believe you understand that, but it can be confusing if you throw out a blanket statement like the one you did.
With that said, rentals 31 (30?) days or more, aren't being regulated against. These aren't considered "short term." These can be advertised on VRBO/AirBNB/wherever.

You are absolutely correct- the many apartment buildings are what is causing rental rates to soften. It really is incredible how many are being thrown up in the greater Asheville area.

That and new construction developments are having a (small) impact as well. Each of these developments will see a small percentage of homes purchased for rental purposes.

@Rebecca Helm a few questions for you.

Why do you think you can rent one side out for $1500 if your rent is only $1000, utilities included?

Your numbers show $6000 for utilities, not counting water/sewage/trash. So that's electric, what else? You're not seriously paying $500/month on electric, are you?

AirBNB, regardless of what WAX and the many other FB groups may lead you to believe, aren't the (primary) reason for increased rent rates. I'm sure they have a small influence in some cities, but not Asheville. As Jon spoke on, AirBNB is highly regulated in Asheville. Rent rates are high because of other factors impacting supply and demand (the ultimate reason). Frankly, there's a housing shortage with no significant push to correct it. NIMBYs are highly resistant to improving the area's infrastructure and new development.

@Account Closed $25k roof? $30k plumbing? Those numbers are insane. She could renovate the entire place with money like that.

Unless it's a niche unit or population you're wanting to rent to, don't furnish it.

Awesome to hear you're using your VA benefits to do this! Have you pulled the trigger yet?