Archive for February, 2018
Making Money in OC with AirBnB
Here we are on a wonderful Costa Rica family vacation in Nov 2017 that AirBnB rentals paid for!
Getting help paying your mortgage while traveling the world!
Renting out your home as an AirBnB allows you to travel as much as you want while still making an income to help pay your mortgage. You have complete control over who you allow to stay in your home and you are also in complete control of when you choose to have your home rented out. Why wouldn’t you want to get paid to go on vacation and have someone else paying your mortgage for you? We have had such a great experience using AirBnB and wanted to share what we’ve learned so that you can do it too.
Our AirBnB tips and tricks
Finding a good place to stay while your house is being rented is very important! You’re renting out your house to make money, but you want to be somewhere comfortable too. You want a daily rent potential that is at least 125% of your daily mortgage to insure good profit! When thinking of making your home or a place you buy into an AirBnb, make sure you consider the tourist destination and proximity to arenas and conventions near that property. You’ll also want to make sure that community or city allows short term rentals. We also found it beneficial to make sure we had closets that we could easily lock or a detached garage/storage shed to safely keep items while we were renting out our home.
Humble houses still make money! Here’s our historical Santa Ana pad before we earned the money from AirBnB rentals to pay for our new walkway.
Systemizing
Having a smart lock such as IglooHome is a great idea. It’s easy for guests, and safe for you. We have “AirBnB Bin” with sheets and towels that are only used for guests, that way the ones we use for ourselves are never used. Shampoo and soap dispensers in the shower are super helpful as well. We make sure our supply closet is always on stock and that we have a house keeper on call, just in case. Syncing with your calendar makes it easier to stay organized with the schedule of your rentals.
Refinancing your Mortgage with AirBnB Income
An initiative is starting this year in order to help you refinance your mortgage using the income you make as an AirBnB host. Previously, banks wouldn’t count your AirBnB income when considering whether or not to refinance your mortgage. Thankfully that is beginning to change. The three financial institutions participating in the initiative include Quicken Loans, Citizens Bank, and Better Mortgage. They have the chance to consider home sharing income earned on Airbnb when hosts in the U.S. apply to refinance their mortgage on their primary residence! This is just another benefit to using AirBnB – someone will be paying your REDUCED mortgage rate which means even more profit in your pocket!
Here’s a video of Angie sharing this information with one of her networking groups!
Finding A Good AirBnB Investment in Orange County, CA
If this sounds like something you want to learn more about, follow our Automatic Millionaire Homeowners group on Facebook! If you want to search out an Orange County property to buy and make your AirBnB contact Angie at 949-338-7408.
Read Full Post | Make a Comment ( None so far )Superior Home Safety Rankings in Orange County, CA
Local Orange County Cities are Among the Safest in the Nation
As real estate professionals, we’re always keeping an eye out for stories on home safety, since it’s consistently one of the biggest priorities for people who are shopping for a new home.
That’s why we were delighted to learn that many nearby Orange County cities are actually ranked among the safest across the United States, according to the latest Home Safety Rankings (HSR) released by local home services app SERVIZ.
SERVIZ created its Home Safety Rankings when the company’s founders realized that they were failing as many as 1 in 3 home contractors for criminal background checks (definitely statistics the company felt they needed to explore further). Concerned by these numbers, SERVIZ then researched and assembled its groundbreaking new Home Safety Rankings (HSR) Index for over 100 metropolitan areas across the U.S., which not only offer statistics on home safety and crime, but which also provide a detailed look at the safety habits and concerns of
residents city by city. SERVIZ’s HSR findings include useful safety tips and suggestions, and received the approval of the National Crime Prevention Council (NCPC) as well.
High Marks for Safety
Let’s look at how we did on a local level.
Out of 108 metro areas analyzed and ranked for home safety, several cities in the Orange County metro area ranked among the very top of the list, with high-ranking cities including Aliso Viejo, Laguna Niguel, and Mission Viejo, California!
Aliso Viejo residents can certainly celebrate, as the city was ranked the third safest overall, with a superb safety score of 79 out of 100 (with 100 being safest). Laguna Niguel also made the top 10, coming in at number 5, meanwhile, with a high 65 safety ranking—and both received A+ letter grade scores, too. Mission Viejo was number 9 in the top 10, meanwhile, with a safety
ranking of 61 and an A- rating. To give you an idea of just how good these numbers are, Los Angeles itself scored a C+ rating and a safety ranking of just 19, by comparison.
These statistics show that your chance of becoming a crime victim is just 1 in 126 in Aliso Viejo, 1 in 89 in Laguna Niguel, and 1 in 82 in Mission Viejo. These are impressive numbers when compared with L.A.’s 1 in 33 chance of becoming a crime victim!
The SERVIZ Home Safety Rankings (HSR) Index was achieved as a result of proprietary data collected over the last 5 years serving over 200 thousand customers, and 300 thousand home improvement jobs, and other publicly available sources. To view how California stacks up against other states, visit https://www.serviz.com/national-hsr-index.
Helping Homeowners Nationwide
Ultimately, SERVIZ isn’t just analyzing crime stats or helping homeowners nationwide focus on the big picture when it comes to home safety – the SERVIZ app is actually helping homeowners stay safer when booking home services right from their PCs or phones (booking a safe, highly rated, and fully vetted handyman in just a few mouse clicks). The company offers a safer, faster,
easier, and more transparent way to book and buy home services online. From handyman work to plumbing, carpet cleaning and appliance repair, SERVIZ provides highly rated, background-checked and licensed professionals at the click of a button, all backed by the SERVIZ Consumer Protection Plan.
To learn more about SERVIZ, visit http://www.serviz.com. You can also download the free
SERVIZ App on Google Play or iTunes for immediate use as well.
We also know many trustworthy local contractors if you still prefer a good old fashioned referral. Just text Angie at 949-338-7408.
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Orange County Real Estate Success 