All Forum Posts by: Ryan Arth

@Thomas Yokum Congratulations. Do you plan to move into the next one, transitioning this one to a full rental? 

 Exactly, if someone else has a different motivation, lower return threshold, or is a fool, let them have it. 

When I used to go to auctions it was pretty clear when a couple was bidding to buy for their personal residence, and you didn't bother to bid against them. 

@Richard Schubert As was previously stated, given your description of the area and the property, it looks like a property that was significantly underpriced to generate a bidding war (and get contingencies removed in the process). 

@David De La Torre Also look at AirDNA if you haven't yet. Lots of people think that STR is just instant cashflow, but it is fundamentally a different business model. They are more of a small hospitality company than a long term, tenant occupied, rental would be.

So it really depends heavily on the attractiveness of the area and the competition. STR people don't really care about access to a grocery, MTR will. If the target client is a healthcare worker who makes 100K+ per year and is staying a few months they will want a certain type of area, whereas a person only staying a weekend wants to be near their "event" and is more forgiving on other things. The property may matter more than the area in the latter scenario.

@Caleb Barney For staging a lot of people that I know use Kara at Kasa Interiors. https://kasainteriorscle.com/ Her warehouse is in Bedford, and she handles the entire City.

@Gaya Ben Simon Whereabouts in the city are you looking?

@James Kelsey Welcome. If you end up looking out our direction feel free to reach out, i am an investor and agent. Or if you have questions that aren't market specific I would be happy to help with that as well. 

 People have keyword alerts set up, and then someone arrives and pitches their town, which then triggers a lot of other keyword alerts to be triggered. It is a feedback loop. 

If you poke around you will see many of the same folks hitting the same posts in waves. 

 Exactly, the GC is hardest part to get right and is absolutely crucial from out of state.

@Ryan Groene