All Forum Posts by: Turgut Oz

@Aaron Gordy, @Bryan Noth thanks for the input... Really good discussion here. I am honestly thinking more like northern areas for the lower cost of acquisition, less regulation (hopefully), and tech job availability etc. That said, there is no guarantee that these smaller cities will not change their codes and regulations and making STR a lot harder.

@Ryan Roberts @Jordan Moorhead Thanks for your comments. Some questions: so where does these tenants come from? Employees visiting Austin for work for a few months? Are you guys suggesting some sort of corporate housing type of fully furnished rentals from higher rents? Isn't this diluting the potential pool of tenant candidates (and longer vacancy periods potentially)? 

Which platform should we advertise for this segment? Just as conventional renting listing? Sorry I am just trying to understand Austin's potential and this kind of renting is new to me. I am all ears though!

@Jimmy Woodard thanks for these info. I did not know about these rules. I recently turned my attention to Austin. By Type-2, you mean short term rentals right? Also, if one gets a license, another cannot get it if that property happens to be within 1000ft...? Is my understanding correct? Then, after locating a profitable property (which is a tough job itself), where do you check if there is some licensed property? From City of Austin? I appreciate your response. Very important information obviously.

@Brooke Roeder Can you expand on what you mean by "There are creative options like month to month furnished rentals that can improve cash flow if done right."

Hello. I am looking for a location in (general) Austin area to buy a house. I am planning to use it as short-term rental property. My questions as follows: (1) which locations are the best for this purpose in terms of legal issues/city codes etc.? (2) How are the surrounding parts of the Austin area in terms of short term rental in terms of income? Or, should one stick to more central areas where most tourism occur? Finally, if you are realtor in the Austin area, let's connect.

Thanks!

@Account Closed for your input. 

As far as I know, South Carolina does have outrageously high property tax for out-of-state investors.  Are there any other states to be aware of?

Same situation here. Trying to connect with realtors who understands investors’ needs. I tried buying a house in California but it was really difficult for someone who just started. Most people will suggest places where they operate but run your own numbers. Check desirability of locations. Stay away from war zones. 

@Yenlan Patton I sent a message to you and thanks for the info. 

@Aigo Pyles , yes, out of state is the only option I have been trying right now. I prefer AZ, TX, NC, SC, FL but open to other locations based on price, potential, and the quality of the neighborhood. That said, I am not interested in buying something in a war zone just because it is cheap or fits the 1 percent rule, etc. I am looking for some kind of balance between the price and desirability of the location and the property.

Hi @Krystalea Nestle , yes, they are important and valuable. That is why I would like to connect and work with them. If they are investor-friendly, that is even better. I am just trying to reach out to realtors that I can call team members and collaborate with them. Thanks for your input.