All Forum Posts by: Sarah Kensinger

A lot of people in Los Angeles have STR's farther than that and ones that are out of state. Is it because it's my first one you think I should have one closer?

 If you buy in 2011 then you would get 20 cap rate Lol but not when you purchase in 2023

Resurrecting this thread.

@Pandu Chimata, @Ke Nan Wang, @Sarah Kensinger, do you guys have a recommendation on an attorney who has experiences with STR arbitrage? My husband and I own a STR rental property but we are tired of having to manage the PM and still getting a mediocre performance. We have been discussing doing an STR arbitrage deal with an experienced and successful STR investor.

We have agreed on all the terms and conditions, and addressed all the possible scenarios - who is paying for what, and what happens if one party wants to terminate the contract, and etc. We have a document that's written in plain English, now we need to each hire an attorney to review the document and translate it into legalese. I know we could just hire a run-of-the-mill real estate attorney, who will just take a LTR contract and add a couple of paragraphs to fit this application. It's probably ok, but I am hoping that if we are paying the money anyway, it will be nice to have an attorney who has worked on other STR arbitrage contracts so that he/she may point out scenarios that we haven't addressed and help us fine tune the contract even more.

Appreciate any recommendation or insight you may have.

AirDNA is far from accurate. Come on, 30 cap rate doesn't exist even in LTR space. The most reliable way of finding the marketability of STR is checking their future-30-90 days online booking, that's what I found so far.

For those who own small multi family rentals in cities, would you be open to installing an EV charger if you could increase rent by $50/ month? I think that you can break even after 2 years of having the charger and you could even charge on a /kWh basis for additional revenue. 

I've looked at purchasing an str on CSB. @Sarah Kensinger also mentioned it, so at least two BP'ers have heard of it. lol 
I'm currently researching the gulf coast vs N GA vs Smokies. My wife and I plan to buy a rental by the end of the year. CSB was on my list, but prices there are currently excluding me from wanting to participate.