How to find investors to manage STR for

Question

Is there a way for me to find investors to partner with where they simply bring the cash and I bring my brains/expertise? I understand the ins and outs of STR management very well. I know great places to invest that are profitable and proven with the properties I own myself. What I'd like to find is a serious investor that wants the high returns of the STR business and has the cash to make it happen, but will offload the entire workload to myself for a management fee.

I understand I can always "network" with people I know, but I don't really have people in my circle that have the cash and would be serious about an investment. How can I go about this?

Account Closed · Answer

Are you connected with any Investor friendly realtors? If you're trying to target STR Investors use the Air Bnb app, pull up owners' contact information on the listings, and present to them your opportunities.

Kyle Momany · Answer

If you have great deals and the numbers make sense, the money will come. If it's not, you aren't giving people any value ( i.e. showing people great deals) outside of saying you'll manage it. What're you doing to show them to people? Put a good enough deal in front of an investor, they'll jump on it.

Best of luck!

Dan Maciejewski · Answer

The age-old question: "How do I get more clients?"!

PMs get Realtor and current client referrals, incoming leads from their own web presence, and sometimes guests buy and become clients. Those are all people that have already seen value and send business over.

You can run ads, and you can cold call current STR owners that are self managing.

Start a newsletter and add prospects to the email list. Provide value and people will remember you when they have a need.

A lot of people also get clients from right here. Provide value and be the go-to expert, and people will notice.

Sunny Alexander · Answer

Connect with lenders who do financing with investors, hard money lenders, bridge loan lenders, etc. These lenders may have a network of investors looking for deals too. I attended a conference that focused on this type of financing, and it was a great opportunity to meet professionals that only focus on that space. Good luck!

Andrew C. · Answer

Interested! I'm an investor, let's connect. I'm looking for STRs in TX and FL to start. I see you're from Conroe, outside of The Woodlands I think that's the next best area near Houston.

Kyle Momany · Answer

Chat with other people in the forums looking to invest in your area - Keyword notifications for your area, local meetups, post potential deals that your looking to partner with someone on. The forums are a massive tool to talk to people locally, or wanting to invest locally then, start an investor group locally.

Hope this helps

Rameshwar Varanasi · Answer

I’m interested, i am an investor. Let’s connect.

Andrew Steffens · Answer

Good old fashioned networking with professionals in your market

SEO, Ads, etc

Direct Mail to lists (absentee owners etc).

There is a lot of marketing info on other boards here that is tried and true. No need to reinvent the wheel here!

Matt McGuire · Answer

Another option is Quest Trust Company's meetup. They are as self-directed IRA company and they do a meetup every month. A lot of the people there have SDIRA's and they don't know what to do with their money. You can go up on stage at the end and present your opportunities. I have some friends that flip houses in Houston and I know they have been very successful there finding money. I am not affiliated with them, I just know about it from friends.

Drew Sygit · Answer

@Wilson Vanhook there are a lot of options to pursue:

1) Start a blog and post links everywhere

2) Use PRD to find out-of-state owners and mail to them

3) Network with other agents

4) Attend local investor MeetUps, etc

5) Etc.

How to find investors to manage STR for

How to find investors to manage STR for

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