All Forum Posts by: Sara Tranum

Perfect, thanks so much! I was wondering if insurance as a PM was the route to go.

Yes, we have set up our agreement specifically starting that it is being operated as a STR by me! They are friends moving for a year to test new waters, and we all expect that next year they will not move back and I will buy the property (and add to my STR portfolio).

For those who have done rental arbitrage for a STR: what sort of insurance were you able to get, as the leasee & operator of an arbitraged STR?

Many thanks!

How does one offer or inquire about a short sale?

Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher. Sellers went with offer #2. Those buyers ended up backing out during the due diligence period. (Yes, I know why.)

The condo has now had foreclosure proceedings started. I’ve not bought anything out of foreclosure, and I’m curious about how others have done this.