All Forum Posts by: Todd J.

Calvin,

In response to your original post I thought I'd give you some more info.  I've had an Airbnb in Omaha around midtown for about 3 years.  2 Bed/1 Bath and 900 sq ft.  I rent it out for an average of 120 days per year and gross about the same that I would if the unit was rented out unfurnished for 12 months.  I use the auto pricing feature on Airbnb even though I could make a little extra pricing it myself.  Overall, a very good experience with most renters.  My only tip would be to use 3 or more nights as the minimum rental period in order to minimize locals looking to party as well as decrease the number of transitions.  

T.J.

Airbnb has a page related to Omaha: https://www.airbnb.com/help/article/969/omaha--ne It was put out around the time that Buffett recommended using Airbnb to shareholders attending the annual meeting. Looks like it hasn’t been updated since 2015 unfortunately. I’ve found the city departments mentioned to be less than helpful when it comes to answering questions about regulations and requirements for Airbnb. TJ

Thanks for the info and sounds good!

@ Collin Schwartz Good to know! Thanks for all the info. I'm out of the country until mid November but plan to use listsource for prospect lists and am looking for an online print shop to create the mailer. Ideally, a place that can take my list and push everything out without me touching it. Ideas? Might be nice to meet this Fall once I'm back if you are up for it. Networking is always a plus! TJ

Originally posted by @Collin Schwartz:

@Todd J. I have 11 units in South Omaha, 12 units in Midtown (soon to be 16 units), and 2 units on 40th and Cummings. How about you, where are your units located? Are they SFR or Multi's?

A duplex south of 45th and Center and a 4 plex on 52nd and NW Radial Hwy. I stick to purpose built multifamily and am looking for 4 units or more per building. Have stayed away from a few areas that cash flow well based on risk management and am looking at direct mail and other pipelines to find properties. If cap rates keep compressing I may stop looking all together and wait until things normalize. Do you stick to purpose built multifamily as well or will you purchase conversions? Maybe I missed it in a previous post, however are you paying off your HELOC with earned income from your day job or is your bank allowing you to pull out equity from your investment property purchases with less than a year seasoning in order to pay it down?

Well done Collin!  I'm a fellow investor in the Omaha area with 6 units.  Given that return is related to risk, would you mind sharing (in general) which parts of the metro you are investing in?  North O, Dundee, South O, midtown, etc?

Thanks!

I wouldn't say giving away, however I've had an excellent experience with SAC FCU on my duplex.

Thanks for the notes! I've listened to a good number of the podcasts and there is some good information there.

Chris, risk management has been a them through most of my life in a practical application sense. Past work as a financial advisor and pilot has taught me that managing risk is a common theme in man fields.

Colton, I appreciate the info.  I may be interested in mixed use commercial/residential in the future.  I'll give "Grow Omaha" a shot once I'm back in town.  

Good morning BiggerPocket's groupies!  I'm a property investor in Omaha, Nebraska and wanted to introduce myself to the community.  Currently I have six units in two structures and rent using traditional leases as well as via an online service for one space.

Learning, investments, and risk management are passions of mine.  I expect to learn more about all three via this site and would love to hear from folks in the Omaha metro and national about these topics.