All Forum Posts by: Sophie Wall

Hello all,

I am looking for some insight on the Cheyenne, Wyoming market for long term rentals. This would be an out of state investment, so any honest insight would be appreciated as we are unfamiliar with the area and the market. 

I have my eyes on a couple of properties. This would be a 1031 exchange, buy and hold for hopefully 10+ years. We would also need a property manager. 

If this market is your area of expertise, I would appreciate any guidance and knowledge you are willing to share. 

Thank you,

Sophie 

Hello all,

My husband and I are looking to invest in a STR in the Scottsdale/Phoenix area and are looking for a Real Estate agent who is investor friendly, and experienced in helping out of state investors.

I am a licensed RE agent in Washington state. We have a small rental portfolio in WA and are starting our search to expand our portfolio in more investor friendly areas. 

If you are interested, please message me and write me a brief message describing yourself and your experience in the Maricopa County market, experience with short term rentals, and/or experience with out of state investors. 

Thank you for your help! We are excited to get to know the area.

Sophie

Hello all,

I am looking to get a cost segregation study done on my newly purchased 8-plex in Aberdeen, Washington.

Does anyone have any recommendations for me?

Any tips or things to think about moving forward?

This will be my first time using the cost segregation strategy- so any insight is helpful.

Thank you, 

Sophie

To save you time in the future when looking at mobile home parks, many mobile home parks are 'owner occupied' you would have to live there and would NOT be able to rent it out. 

I have seen deals too good to be true just like you, that's how i learned what owner occupied is. 

Good luck!

Thank you all for the responses! This is my first time going through this process, so I appreciate the information. 

VRBO

Hello all,

I have recently purchased a duplex (townhome) in Montana and will be using both sides as short term rentals. I will be managing the properties myself. 

The previous owner already has bookings for June and July- the peak months in our area where we will make the majority of our money for the year.

How do I make sure that the transfer of the property and bookings goes as smooth as possible?

We did have our agent add some language to our contract before signing, but I know there will be more to it than that. I'm assuming the current owner already accepted payments for the booking, the current property management group has most likely already taken their share of the bookings, etc. How do I make sure we get those funds?

Thanks,

Sophie