Str deals and agents

[Teera Crawford]

Hi all, 

Give me tips for finding properties for str in the area and recommendations for agents. I've put in a couple offers which weren't accepted, but I'm finding most properties are not passing my numbers screen or have fallen out of contract multiple times. I am doing a lot of number crunching on the websites and wondering if I should be directing my energy to direct mailing or another form of sourcing deals.

[Jackson Boatwright]

Hi Teera, 

If most properties aren't passing your numbers, that may just be the reality of the market right now.

A lot of STR markets are really competitive, and by the time a property hits the MLS, plenty of investors have already looked at it. I'd keep watching listed properties, but I'd also spend some time looking for off-market opportunities and building relationships with local agents, investors, and property managers. It can be tough to source those off-market deals, especially if you don't have a ton of time.

I definitely wouldn't lower your standards just because you've been searching for a while. Better to wait for a deal that works than force one.

What market are you looking in? If you need an agent referral, I may be able to connect you with someone good in that area.