All Forum Posts by: Ryan Richmond

I just had a guest inform me that the unit was not cooling properly. After my HVAC technician got there he let me know the coils were frozen over. This is like the 3rd time it's happened in my upstairs STR unit. People come in and crank it down to like 60 thinking it will cool fast while it really just freezes my system over.

After he was finishing the service report over the phone he asked me if I wanted to prevent if from being set below 67 degrees.  I had him restrict it for future use.  

I don't know how he did it but I'll have him do the same on all my units.

I don't have a special thermostat.

I just switched all mine over from Foremost after my most recent escrow adjustment.  I used a broker through Allen Tate.  He requoted all of my policies including auto and umbrella.  Saved me about $2,300/ yr across 4 properties & auto.

I'm happy to pass his contact along.

@Lauren Kormylo that is a great point about the closures actually making it more difficult to move luggage and personal belongings!

@Michael Baum and @Sarah Kensinger Great point about running the AC while the door is open.  

Seems like I can fund a better use for the resources than storm doors.  I appreciate the feedback!

Ryan

Hey Y'all,

I recently installed a storm door at my primary and enjoy it so much I am looking at installing these at my short and medium term rentals.  

I found some discussions on general tradeoffs for having a storm door at traditional rentals and potential for damage and replacement. For a STR or MTR that is already furnished I believe the risk of tenant damage from moving furniture is reduced and the added benefit for my guests to enjoy the breeze on a pleasant day is worth the risk.

I've selected the same door I put on my primary.  The Larson Tradewinds that I purchased through Lowes.  It closes securely and has a gas piston at both the top and bottom to maintain a smooth closure but the feature that really appeals to me is that the storm window remains permanently inside the door frame and slides down to open the screen.  I'll probably have to make a short instruction for my guests because there is a locking tab in the middle of the door that needs to be released to open the screen.  

There is also a risk of creating a lock out situation from the storm door.  I may disable the storm door lock.

Looking for some feedback from other hosts if the guest benefit of having a storm door is work it.  I don't have these installed now and have yet to get a review or feedback asking for a storm door so I may just be creating more trouble for myself.

Appreciate it and looking forward to your feedback.

Ryan

I live in Greensboro, NC and STR the loft at our primary residence. We upgraded our electric including a 200A panel with 50A car charging circuit.

We don't have an electric vehicle but are looking forward to testing interest in the market since there are not many options for EV charging with local STRs.  The vehicle market is moving toward EV so this will save us from a future electrical upgrade.

We were converting from knob and tube so the cost of including an EV circuit was insignificant.  The additional cost to mount the outside receptacle was $50 from my licensed electrician.

I still need to purchase the charging station that will be on an outdoor post.  I am interested in recommendations for convenience across multiple EV types.

@Amanda Cook any chance you found a drywall crew and they are still in business?  I’m Piecing together a job after my ‘construction manager’ walked off.

Getting quotes around $50/ square.. which seems bananas.

Over in Lindley Park and hope all is well.

Ryan

Hi all,

Looking to network with other property hosts in the Blowing Rock & Boone area. We picked up our first STR outside BR and have a couple others we self manage in Greensboro. We live in Greensboro so we're still learning the Mountain market specifics.

Ryan

@Dave Foster thank you! that is actually very nice to know.  Really hoping I don't go to 4/15.

Nice to see a qualified intermediary in the forum!

Hi BP community,

I have a Lindley park home under contract and was scheduled to close Friday the 11th. Underwriting is holding up until appraisal is revised for ADU comps. This is a 1031 for me and would would like replacement by end of year. This week would be great.

The appraisal needs an additional comparable sale to support the accessory unit... This is a Fannie Mae requirement and have yet to receive an acceptable revision to appraisal.

If you have any recent sales with an accessory unit, I would love to pass a long to the appraiser.  I need the sale transaction and estimate for market rent.

Thank you in advance!  Happy to help others in any way I can.

Ryan Richmond

@Daniel Shchyokin that's awesome.  We're in the same neighborhood.