All Forum Posts by: Sandra Morrison

@Bonnie Low send me a DM

@Kayla Prange

I have a couple of STRs for a few years and more experience with my LTRs.

My short term rentals are much more unpredictable compared to my long-term rentals. Also I have to get things fixed in a hurry on a short term rental where my long-term rentals I can wait a day or two. Understandably, if people are only on vacation for three days to five days, they don’t want to wait a day or two so you end up spending more money for rush jobs. (water heater, HVAC, appliances, insects/pest, hot tub/pool repair), etc.

Other expenses are replacing the linens, replacing furniture if you can’t get a stain out, pillows,

appliances etc

Does it make money now with you not doing anything to it and just using the current revenue?

Would it make money as a long-term rental or what are your other exit strategies should life get in the way?

Can you do your upgrades as you go or do you have to bring it off-line and could you do that during the slow season with less impact to revenue?

Post and let us know if you go for it!

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@Ana Franchi

Generally freestanding homes appreciate quicker than an attached home. One cannot

control the amount the HOA fees are raised each year.

A three bedroom townhome will rent for less than a three bedroom freestanding single-family in the same area. It all depends on if you have the right type of home in the right type of area. In an area of families and good school districts, a 1/1 apartment may not rent as quickly as a3/2 single family even though the single family will have a much higher monthly rent than a one bedroom apartment in the same area.

@Michael Alexander

This app is similar to the free app/host/guest on Plugshare. I have had electric vehicles for about seven years and have not had to charge away from home more than five times in the seven years as I trickle charge each night but I did use Plugshare to find local homeowners and businesses with chargers. They have many more listed than this BlossomEV app.

I think people don’t realize that you don’t have to go to an official charging station to charge you can go to anybody’s house with an outlet and bring your slow charger or go on Plugshare and find a homeowners or business fast charger.

If this app gets more hosts it will be more valuable if PlugShare has less listings

@Sino U.

As others have said househacking is incredible (have 3 generations of house hackers in the family)z

Columbus and Cincinnati have the most active chapters of the national real estate investors association and do all of their meetings online. It is maybe $25month and great for education, networking and realtor/contractor recommendations. Ohio also has a 4 day inexpensive conference in November with 1000 attendees. These local REIAs is how I got started in 2015 and I get reenergized very time I interact with the group still to this day. I co-host the online women’s group. It is normal to have periods of low motivation. Just get around like-minded people and you get all of the juices flowing again! Good luck and DM if you have any questions. I love to help new investors and give back, investor to investor.

@Trent Stevens

Look in Huntsville and Madison- fast growing with NASA Marshall Flight Center, Redstone Arsenal, SpaceX, Blue Origin, new Mazda plant. My son has been living there the last 4 years and I have been watching the appreciation.

There are also some chapters of National Real Estate Investors Association in the area so great for contractor recommendations, networking, etc. DM and I will see if I can get you more info.

@Nicholas L.

I just finished this book. It is an old strategy aka “repair for equity and other names.

This is profitable and does the tenant-buyer a service. Remember only 25% of those interested in buying a home can qualify for a bank loan. So there is a large market of those looking to buy but can’t.

I do co-host an online women’s RE investing group. Please DM me and I would love to talk to you more.

@Aracely Rivera

Every time I buy a house I can’t sleep I am so anxious. After a year, it is always fine. Trust your numbers especially if you were conservative and know it will be ok.

@Larry Clay

You can ask your local chapter of Real Estate Investors

Association but Cincinnati chapter has Scott Ellsworth (past president of the association chapter)and Vonderhaar.

@Nick Askew

I own LTRs in Cincinnati and STRs elsewhere but I think Cincinnati has enough events to attract STR/MTR guests.

I have lived on both KY and Ohio sides of Cincinnati and we have about 9- 10 concert venues within maybe 4 -6 square miles. There is the world class zoo and Children’s Hospital is number 3 in the country. We have the high number of headquarters of Fortune 500/1000 companies plus college sports and professional sports…again all densely packed in a few square miles for the most part.

Please reach out if you want to discuss more. I like to speak to new investors and co-host an online group for women for the local chapter of Real Estate Investors Association. I am not a realtor but 2nd generation house hacker and my daughter is looking to do the same. You are on the right path!