For short term rentals - how much are you putting back into mortgage payments? I understand obviously the less you put towards mortgage payments the higher the cash flow, but what is the rule of thumb for this?
If phase II reveal contamination, the company performing/writing the report are bound by law to notify the EPA. That is why sellers who suspect contamination on their property do not want to proceed to phase II even if the buyer offer to pay.
I never considered STR and now I have to add this into my portfolio as soon as I close on my LTR. I love that Avery’s company offers support. That is what I am looking for and am willing to pay for !
Waiting on our equity from our remortage to buy our first air bnb in the uk thinking of getting a management company for the first year then maybe manage it ourselves
One thing you didn’t mention is that if the Phase 2 comes up dirty the owner has to by law abate the issue. So if you decide not to buy the property they have to fix the issues
I think you or owner of that property eventually still have to pay the taxes when you doing 1031 exchange my accounted explained it to me but it’s not right away.
Loved this episode and the recent one on the OG BP podcast with Avery. I'll have to reach out soon as I want to own a STR in the smokies soon. Currently in Chattanooga so not far away!
With our first Airbnb I plan on doing it all, but when I do decide to hire a cleaner have y’all ever had a cleaner no show and if that does happen what do u do
That’s great. But Airbnb is destroying the rental home market for young families. How can a young couple or person save to buy while renting when most rental homes are rented by the day? No one thinks about this. Annual rentals are almost gone in my area now. I understand why owners and investors would do it, but it’s destroying the rental market.
@@franklintyler4652 like most things, there is nuance. It’s very convenient and it makes people a lot of money. However, every house available on Airbnb is one house that is no longer available to rent annually. Open Airbnb and search your area. However many houses are available on Airbnb are homes that would have been available to rent annually a few years ago. That’s all the evidence you need. And why would an owner rent for $2000 a month when they can get $200 per night??? It’s great for everyone except those looking to rent a home annually
@@CRASS2047 your opinion is very simplistic… it would be the same as saying that “rentals are bad… because every rental property takes away a house that a potential home owner could buy. Very weak.
@@CRASS2047 also, who are you determine what someone can do with their property? There are plenty of reason why someone wouldn’t want to take a rental and turn it into a STR…
@@franklintyler4652 Not at all the same. And it is extremely simple. If you can’t understand how Airbnb is a problem for those who must rent a home, it’s your mind that is simplistic
Tony is so thoughtful in his questions he carries the show.
For short term rentals - how much are you putting back into mortgage payments? I understand obviously the less you put towards mortgage payments the higher the cash flow, but what is the rule of thumb for this?
Good question
If phase II reveal contamination, the company performing/writing the report are bound by law to notify the EPA. That is why sellers who suspect contamination on their property do not want to proceed to phase II even if the buyer offer to pay.
I never considered STR and now I have to add this into my portfolio as soon as I close on my LTR. I love that Avery’s company offers support. That is what I am looking for and am willing to pay for !
Waiting on our equity from our remortage to buy our first air bnb in the uk thinking of getting a management company for the first year then maybe manage it ourselves
One thing you didn’t mention is that if the Phase 2 comes up dirty the owner has to by law abate the issue. So if you decide not to buy the property they have to fix the issues
I think you or owner of that property eventually still have to pay the taxes when you doing 1031 exchange my accounted explained it to me but it’s not right away.
Loved this episode and the recent one on the OG BP podcast with Avery. I'll have to reach out soon as I want to own a STR in the smokies soon. Currently in Chattanooga so not far away!
Same! I can't wait to get this going!
I have found cleaners while doing DoorDash. Usually, that cleaner will know other cleaners that can fill in for them if they can't do the work.
With our first Airbnb I plan on doing it all, but when I do decide to hire a cleaner have y’all ever had a cleaner no show and if that does happen what do u do
Am I the only one who recognized the Megadeth t shirt??
This badass always be rockin the classic metal T’s - while crushing it in RE. RESPECT
I laugh so hard at book and wait for the cleaner to come in. Really great episode.
36:40 funny and smart lol
Megadeth! 🤘🏼
That Megadeth shirt though 😍
✌️ Great show.
I stumbled on this channel. Wow! It's amazing. Thank you😘
Love this!!! I’ll be contacting the short term shop.
Super Good 🔥🔥🔥 thanks 🙏
Great information here!
I need your info
Whats your ✋
Lots of Nuggets!
That’s great. But Airbnb is destroying the rental home market for young families. How can a young couple or person save to buy while renting when most rental homes are rented by the day? No one thinks about this. Annual rentals are almost gone in my area now. I understand why owners and investors would do it, but it’s destroying the rental market.
If what you’re saying is true, and I doubt you have evidence, then why is it great?
@@franklintyler4652 like most things, there is nuance. It’s very convenient and it makes people a lot of money. However, every house available on Airbnb is one house that is no longer available to rent annually. Open Airbnb and search your area. However many houses are available on Airbnb are homes that would have been available to rent annually a few years ago. That’s all the evidence you need. And why would an owner rent for $2000 a month when they can get $200 per night??? It’s great for everyone except those looking to rent a home annually
@@CRASS2047 your opinion is very simplistic… it would be the same as saying that “rentals are bad… because every rental property takes away a house that a potential home owner could buy. Very weak.
@@CRASS2047 also, who are you determine what someone can do with their property? There are plenty of reason why someone wouldn’t want to take a rental and turn it into a STR…
@@franklintyler4652 Not at all the same. And it is extremely simple. If you can’t understand how Airbnb is a problem for those who must rent a home, it’s your mind that is simplistic
Love it!
What a bunch of crooks, I will NEVER rent anything listed with Airbnb, total fraud.
Why is that?
Hello do you have an email where I could contact you an speak to you About getting started with Airbnb thank you in advance