OC Property Management
Women finding freedom through the sharing economy of AirBnB
Let’s be honest, a lot of females are juggling household schedules, making beds on the daily, and working full time jobs in customer service or hospitality type industries. A lot of these same females are also searching for a way to spend more time with loved ones, and to find a better work-life balance.
This brings the question: How can we live richer, more fuller lives while making a difference in the world? Keep close connections with our families & still sprinkle what we were meant to do into the ethosphere?
For those who have a passion to roam and to create, enter the opportunity of vacation rental management, AirBnB experiences, and niche property rental platforms.
If you have a unique property or space, big or small, this is an opportunity for you. People love to rent not only stick & brick type properties, but also RV’s, boats, cars, treehouses, yurts, water towers, and land.
We now live in a world where you can tow a trailer, link up to solar, put out a cell booster, charge devices, and work / connect from almost anywhere. As the clouds from Covid continue to lift, people are ready to explore this new world. Are you ready to connect with them?
I recently had the opportunity to interview some of these women who have opened their spaces in the home-sharing economy. Each has a unique story to tell, weaved in with their life passions and experiences.
Take for example entrepreneur Heather Carter, running Eureka Springs Coffee House with 2 AirBnB units above. Guests enjoy the main strip of historical Eureka, Arkansas; and also have discount offerings at the coffee shop below. Travelers include vacationers and business professionals alike. In a recent video interview with Heather, she said “We used to live above the coffee house ourselves, but we soon discovered we had a unique opportunity for rentals here”. Indeed she did!
Heather advised she prefers the niche with commercially zoned properties, so she can avoid any roadblocks with residential vacation rental limitations. If you aren’t sure about STR rules in your community or city, be sure to research accordingly to avoid pitfalls.
Another go-getter making the most of her skills is April Snow-Kass, a Realtor in LA specializing in harmonious homes for musicians. April recently branched out to nearby Joshua Tree as a vacation rental host. Now, not only can April sell property in a new area, she can speak to personal experience on the equity gains and the rental income her ‘Retro Ranch‘ in the JT desert is recently experiencing.
Let’s not forget supermom and High School Counselor Carolynn Cribley. Her and financé Matthew Herman in Grandville, Michigan, are putting an extra room in their home, coined ‘The Barnhouse,’ to STR use. They stated in a recent interview that it’s brought such great results, they not only bought another property, but looped parents in on the opportunity. They inspired and guided Matthew’s parents to a short term rental purchase as well. Not only has Carolynn & Matthew created additional monthly cash flow (partly used to build a fun new pool!), they’ve hopped the family on the path to generational wealth.
According to the NAWRB’s website and WHER report:
“…research found women seek homeownership for these primary reasons:
As a “Sanctuary”
https://www.nawrb.com/one-tough-mother-how-single-mothers-are-defining-the-homebuying-process/#more-18821
A sanctuary is defined as a place of refuge, an oasis or a retreat. Women value creating a unique space from which to retreat from the outside world—one in which they control the climate, the decor, the layout. One’s home is a psychology of space…”
Vacation rentals are a method to live this ‘sanctuary’ lifestyle, and create income. Win-win.
Another example is Corporate Executive ‘girlboss’ Vanessa Montanez, who explained to Homeownership Day attendees in January easy steps to enter into investing. Vanessa discovered the benefits of renting her Temecula wine country home on AirBnB recently, and as a lender herself, was kind enough to share strategies with other would-be investors at Homeownership Day.
Admittedly, all of these hosts know STR life is not as ‘passive’ as long term rentals; but it can be more profitable, plus it allows the ability to vacation in your own property, afford *more* units, & / or meet new friends. Yes, you may still be making beds, running multiple schedules, and rocking your 9-5. But it’s a way to squeeze the most out of almost any property.
Best of all, homeownership is open to many, regardless of education level or background. With low interest rate loans and programs like FHA allowing as little as 3.5% down, many females are opting into a property purchase. Additionally, SBA loans for Women Owned Businesses have opened even more doors to run a viable business from home. There are many options to sell creations of any kind from home, be it via online avenues or to guests traveling through your space.
Speaking of online avenues, the fast-track growth of property rental apps makes the marketing side become much easier. You don’t have to do your own Search Engine Optimization anymore – these apps are paying to get the word out on your behalf. Platforms to easily start your sharing economy hosting on are AirBnB, VRBO, Hipcamps, Harvest Hosts, Furnished Finder, Outdoorsy, Turo, and more.
For additional information or a guide into the vacation rental lifestyle, reach out to NAWRB Delegate Spokeswoman Angie Weeks, or watch her video interviews at http://www.YouTube.com/HomebuyingRegistry/
This article was written for Women in the Housing and Real Estate Ecosystem; NAWRB. If you would like an article for your publication simply comment below or reach out to Angie at 949-338-7408.
Read Full Post | Make a Comment ( None so far )Where is YOUR happy place? Homeownership Day 2021 is going virtual, nationwide, & global.
Hi friends!
Although 2020 has been a challenging year for all of us, it has not been without some unexpected benefits. One of them is the new age of virtual employment, which has opened doors for so many to have an opportunity at homeownership. Individuals previously forced to rent in expensive urban areas are now free to move to a larger place, for less money, and have more options. We’re all about that – and Orange County Young Professionals Network is here to support your adventure!
Simple Solutions to Buying, Selling, & Investing in Real Estate
To that end, in 2021 YPN will do our annual Homeownership Day event virtually, and it won’t just be about investing in Southern California real estate. Instead, we’ll be offering local expert agent guidance in many popular cities across the United States, and actually the entire world.
If you haven’t looked at your home as an investment, or considered property as a path toward early retirement, we encourage you to attend the event on January 23, 2021 and look at your real estate in a new light. YES, it’s a place to thrive, to make memories, to customize your taste, to raise your family. But it can be so much more.
You can turn one property into a legacy, and that’s the session I teach & am passionate about. This year’s title is “Concepts to Become An Automatic Millionaire in Southern California & Beyond”; you can register for this 30 minute session by filling out the form below. I’ll educate you on a safe, secure, and timeless strategy for building up your real estate portfolio. These concepts don’t encourage you to stretch yourself too thin, take on a second job, or become a handyman; they are simple and easy to follow. And you can learn them in 30 minutes. I’ll tell you what – if you’ll just commit the time – I’m here to cheerlead you to the finish line.
Owning Property Can Change Your Future
As many of you know, I have been personally working on this strategy for over 15 years now! Because Real Estate is my full time job, we’ve taken it to the next level with vacation rentals, and the creation of Flower Den Retreats. I have found that owning property allows me to truly express myself, whether I’m creating art within, or dreaming up the next concept for a therapeutic space with the ones I love.
I want you to be able to flourish in your space too – are you? If you are, please comment what you love about your home below. Its fun to share our unique ideas 🙂 If you aren’t, fill out the form here and let’s get you on your way in 2021.
If you’re curious to hear what other previous attendees have to say, success stories, or info on the sessions we’ve held in the past, just subscribe to our YouTube Channel. We’ll be uploading new content on the regular. Here’s a video from a couple previous attendees who were able to buy a townhome with barely any money down, and now they are happily raising a family there.
Let Homeownership Day Lead You to Your Happy Place
Sometimes, change is good 🙂 To have a supportive tribe around you as you grow is so helpful, and that’s exactly what you’ll get out of Homeownership Day. Like minded people who want to learn and level up too. All the speakers are no-pressure, happy to answer questions, and excited to connect with you. The vibe of this event will be fresh, fun, educational, and there won’t be a single pitch. Promise. We’ll see you online Jan 23rd!
PS. If you know someone who should be presenting at this event, just connect us by emailing ochomefair@gmail.com & the committee will reach out to them – we love new angles of education and to connect with other professionals across the globe.
Homeownership Day 2021 Sign Up
Crypto, ADU’s, & Homeownership Day 2019 – Register Here!
Want to learn more about Real Estate?
Our annual Homeownership Day & OC Home Fair is right around the corner! We are hosting at Chapman University for the 7th year in a row on January 19th, 2019 from 10 AM – 1 PM!
Orange County Young Professionals Network, Chapman University, Orange County Realtors, and local nonprofits are putting this event together for YOU. Homeownership Day is completely FREE and taught by seasoned professionals who are passionate about helping others to change their lives through homeownership and work towards building their future.
Biggity BONUS:::::::Each attendee will be entered to win $1000:::::::courtesy of Orange County Realtors.
Homeownership Day is ‘choose your own adventure style’, where you attend only the sessions you’re interested in. This year offers twelve classes over three sessions – pick from four during each time slot! When you register online at OCHomeFair.com you are able to choose which class you want to be in during each time slot. Some of the highlighted classes this year include:
- Buying Your First Home
- Taking Advantage of ADU’s and Granny Flats
- Preparing for a Market Turn – How to Protect Your Family
- Investing to be an Automatic Millionaire
- Buying with Cryptocurrency – What you Need to Know
- Reverse Mortgages
- ++++ so many other great learning opportunities that will help you get ahead.
Learn Property Down Payment Hacks from the Best
Participating Nonprofits include NeighborWorksOC and Affordable Clearinghouse – offering a panel on grants, down-payment programs, and more called ‘Finding Funds to Buy Your Home’. If you are currently renting, these nonprofits are here to help YOU! Veterans Association of Real Estate Professionals (VAREP) will also be hosting a class for veterans to take advantage of their housing benefits. Furthermore, Women in the Housing & Real Estate Ecosystem (NAWRB), will be featuring chairwoman Desiree Patno as a speaker.
Buying A Home with Bitcoin?
Featured in Forbes, Entrepreneur, & Inc Magazine, cryptocurrency transaction expert Piper Moretti will teach ‘Buying with Cryptocurrency – What You Need to Know’. As crypto becomes the mainstream, it’s important to know what to expect and how to protect yourself from cyber-fraud.
Travel much? As the world continues to shrink, Spencer Hoo is a Certified International Property Specialist (CIPS) active in Orange County Young Professionals Network (OCYPN) and Asian Real Estate Association of America (AREAA). This year Spencer is teaching our “Safely Buying and Selling International Real Estate” session.
Tired of Renting?
Orange County Realtors 2019 President Matt Clements will educate on Hassle Free Homebuying, and past Orange County Young Professionals Network chair Angie Weeks (yours truly!) will teach on David Bach’s book concepts to become “The Automatic Millionaire Homeowner”. This information is absolutely essential to anyone who wants to grow their real estate empire safely.
OC Home Fair is for Everybody. Homeownership Matters.
Whether you’re trying to buy your first home, or someone who owns multiple homes but is trying to grow your portfolio or buy internationally, our classes have real life applications to help everyone learn how to establish and grow a residual income stream. There is absolutely no pitching, anything to buy, or programs to subscribe to– just solid information presented by experienced industry leaders.
To join the next generation of real estate, and to educate yourself on all there is to know about safely building wealth with property, and for a complete colloquium list, please register online at OCHomeFair.com or simply fill out the form below:
We’ll see you at Chapman University on January 19th!
In the meantime, Let’s be InstaFriends! Follow us at @AskAngieTeam & @OCHomeFair
You can stay in touch with all of your connections you’ll inevitably make at Homeownership Day at these by following these tags on IG & Twitter.
#OCHomeFair #HomeownershipDay
Read Full Post | Make a Comment ( None so far )Consider Paying Property Taxes Early – Big Tax Changes are Coming to Town
As you’re hearing on the news and seeing on social media…the way we are taxed and the things we can write off will be changing a lot within this next year! As a Realtor I can’t legally give tax advice…. so I’ll preface this post by saying it’s best to consult your CPA before the end of every year and be a proactive advocate for the lowest possible taxes! If you need a CPA referral, just ask 😉
That said, we wanted to make sure our CA friends and clients were aware of this before the end of 2017 – which is fast approaching!
GOP Tax Bill
The LA Times wrote about changes the GOP tax bill will have for California residents. The wealthier areas along the coast are going to suffer more than others due to this. Currently, state and local tax deduction is unlimited. However, in the final GOP plan, people will only be able to deduct up to $10,000. At the beginning the house only wanted the deduction to be on property taxes, but the final bill is for any state and local taxes to be deducted. Property, income, or sales taxes will qualify. An article from The Washington Post says, “The move is widely viewed as a hit to blue states such as New York, Connecticut and California, and there are concerns it could cause property values to fall in high-tax cities and leave less money for public schools and road repairs.” Since the average California homeowner pays 10K or more per year in property taxes, this affects YOU.
Pay Early & Still Get Your Deduction
How can you stay safe from the deduction cap? One way is to pay your second installment of your property taxes (which are usually due in April) before the end of the 2017 year so that you can avoid the amount restriction for 2018 deductions. You can pay online, by e-check, or credit card.
What if My Taxes Are Impounded Into My Mortgage?
If you call and check, most lenders won’t be able to guarantee the payment will get sent before the end of the year, but don’t worry…you’re still ok. You can simply pay your property tax online and then just send the proof of payment over to your lender for an escrow account refund. That way you can still write off your full property tax and state income tax before you get stuck only being able to write off $10k combined next year.
Stay Proactive…Stay Informed
We want you to know that we reply to all Real Estate tax alerts on our client’s behalf. We care about you and want you to get maximum benefits from being a homeowner. Here’s a recent reply from Luis Correa to one of our requests:
Ultimately we all need to watch elections big and small to fight taxes together! Please subscribe to our blog or email us to join the list for regular updates on how to protect your real estate investments.
We hope you have a Happy & prosperous 2018!
Read Full Post | Make a Comment ( None so far )Is it time to hire a property manager?
Thinking about hiring a property manager? Here’s some reasons why you might want to!
Are you having to move away but want to keep your current home and just don’t have the time to take care of it or deal with renting it out to someone else? Do you own multiple properties and don’t have the time to take care of one or more? Are you frustrated with trying to find a renter for your home but need to get it done? Any of these situations are when hiring a property manager comes in handy and really benefits you! Did you know AskAngie team is willing to be your property manager and take these tasks off your shoulders? Well we are, and we can’t wait to share how with you!
We can think of lots of people who would benefit from this process but here is a few on our list:
- Active military or veterans who are moving to a different location
- Seniors looking for additional income without hassles
- Busy executives who travel
- Active duty military who are deploying
- A landlord who needs some extra help
- Relocating for a job but know you want to move back to your home in sunny California someday
What will we do for you as your property manager?
Helping you take care of your home while someone else lives in it is something we are experienced and know how to do for you. We know dealing with this can be such a hassle, and we are ready to make it easier and smoother for you!
- We will do all the advertising for you that you will need in order to find you the perfect renter for your home! We will initiate, sign, and renew any leasing agreements as well as any terminations that may need to be done, so that you don’t have to worry about the paperwork.
- We always run credit reports and verify previous tenancy when looking at a potential renter. We also have access to run a complete background check if needed!
- We will handle getting any repairs or maintenance work that needs to be done, done for you! Living far away from your property or being busy with work can make it hard to be on top of repairs and maintenance your renter may want or need, but don’t worry – we’ve got it handled for you!
- We take care of issuing any notices like past due rent or notices to vacate.
- Contracts, expense payments, and security deposits is so much to worry about and make sure you get done, but once again we would do it all for you so there would be no worrying necessary!
Honestly, just kick your feet up and relax – we’ve got this!!
We take care of all the heavy lifting as well as being a professional shoulder to lean on while renting our your home. It really does take so much weight off your shoulders!
How much do Orange County Property Management Services cost?
I’m sure you’re wondering what cost all this work comes at, so here it is:
for a single family home, townhouse or condo we charge only $175 a month to take care of all of these things for you.
Multiple units would depend on the number of units that property had, but it usually ends up being about 5% of the total gross rents from that particular property.
What do you have to lose besides for some extra stress? If this feels like something you need to take advantage of, give us a call today at 949-338-7408! We look forward to hearing from you 🙂
Orange County Real Estate Success 