All Forum Posts by: Yu Liu
Yu Liu has started 11 posts and replied 249 times.
Post: Remote Str Start Up
- Investor
- Tallahassee
- Posts 249
- Votes 93
There are people who have an entire business helping you set up and design a STR relatively quickly (3-7 days) depending on size of home and complexity but you are going to be paying a bit of a premium but you do save on the headache. I think it's around $15K minimum for a smaller place as a reference point. I know a couple people that does this, let me know if you need me to connect you.
Post: managing furniture deliveries from a long distance
- Investor
- Tallahassee
- Posts 249
- Votes 93
Easiest and least costly is to go there and spend a week or so to get everything in order.
Another one is to hire someone trustworthy and pay them to put it in their garage or in a storage unit for a month
Post: Do You Provide TV Options?
- Investor
- Tallahassee
- Posts 249
- Votes 93
Depends on the area. My market is a tertiary market so not a large metro and not a vacation market. I provide Roku TVs and the trinity of subscriptions: Netflix, Hulu, and Disney + and it has been fine
Post: Airbnb, VRBO, Booking.com -- Are you using one of them, two or all three?
- Investor
- Tallahassee
- Posts 249
- Votes 93
My market is Tallahassee and I am only on Airbnb and VRBO. 90% of my reservations come from Airbnb and 10% from VRBO.
Post: Where should I buy materials for my rental?
- Investor
- Tallahassee
- Posts 249
- Votes 93
@Chris Barrett do you just ask the cashier or how do you negotiate LVP? Unless you're buying over like 5000 sqft?
Post: Doing my first flip, where do you all source your material?
- Investor
- Tallahassee
- Posts 249
- Votes 93
Curious where everyone sources their material for flips/brrrs?
I've mainly looked at Home Depot/Lowes for flooring and larger items and got hardware like knobs, faucets from amazon/wayfair but curious to hear where you all get your materials from
Also, need to get a double vanity for master bathroom, any recommendations?
Post: Looking to sell to investor/flipper in Tallahassee, FL
- Investor
- Tallahassee
- Posts 249
- Votes 93
Hi @Stacey Reeb, interested! I sent you a message as well!
Post: STR Insurance in Florida
- Investor
- Tallahassee
- Posts 249
- Votes 93
Quote from @James Curran:
Quote from @Yu Liu:
I can vouch for Kin insurance as well for STR insurance
Yu, is this who you are currently using for Tallahassee rentals? Multifamily?
Yes
Post: Real estate photographer referral
- Investor
- Tallahassee
- Posts 249
- Votes 93
Mine moved last year but I've heard good things about Nancy Sunlight photography
Post: Selling - bigger hammer needed - Marketing channels & Financing Avenues
- Investor
- Tallahassee
- Posts 249
- Votes 93
Quote from @Gena Moore:
Quote from @Yu Liu:
1) Main thing is interest rates are high right now so unless the property is in an very desirable area and at a great price, then it doesnt make sense to buy when rates are 8-9% right now.
2) Marketing platforms, MLS is the best way to go followed by social media group (Facebook groups, etc)
3) what makes a house sell comes down to location and price, but above all price. You could give me the best location but if your house is way above what I could afford, I wouldn't want it.
4) you can look into renting it out if the numbers make sense. I can help you take a look at if MTR would be good, could you do STR?
Hope that helps!
"Main thing is interest rates are high right now" --> This is exactly it.
What is MTR and STR?
I've been in touch with a local property manager. It doesn't look good for renting.
STR = Short term rentals (think airbnbs)
MTR = Mid term rental (30 day stays, think travel nurses or corporate housing)