All Forum Posts by: Brandon Vanderford

Like others have said, drop items one and two. For three you can charge them. For four, you technically could, but I generally wouldn't. Twenty-seven days is plenty of time for a pre move-out inspection and preparation for turnover.

Welcome to BP, David! I am a property manager in the Raleigh area, and will send a connect request. Let me know if you ever need anything. 

I have not worked much in the STR space, but I have several years of experience working with MTRs in the Raleigh-Durham area. My take is that the Raleigh market is far more business-dependent than tourism-dependent, which makes rentals less susceptible to the market changes that can hit vacation areas harder. That being said, I am bullish on North Carolina as a whole. More business in Charlotte and the Triangle means more NC residents, which naturally means more vacationers along the coastline and in the mountains.

I am pretty well-established here in the Triangle, but I do have some folks telling me that they are having some difficulty getting established in the STR market due to the competition. I would not let that discourage you, but I always encourage investors to ask themselves, "Could I make the numbers work on this property if I had to convert it to an LTR down the road?"

Happy to connect if I can be of help in any way.

Hey Candace, you should talk with my friend Ethan Kennon. His company does beautiful custom builds across the Triangle. They usually build larger houses, though. I can send you a PM with his contact, if you are interested. 

Hey Daniel, I think that the safest investments are <7 minutes from a hospital or university, because you will always have midterm renters. I work a lot with travel nurses, tech interns, visiting scientists, and visiting professors. That being said, I am beginning to work with more folks who are having their high-end home remodeled, and am networking with contractors to increase these types of tenancies (since they typically have a higher budget). I am not working with insurance yet, but plan to begin as my portfolio grows. Both of these latter options (remodels and insurance) increase the area within which you could operate a profitable MTR, since they are not tied to a school or hospital. 

My biggest piece of advice is that you should find a property that could realistically cashflow as a long-term rental, just in case the property needs to be converted down the road. I know a number of folks who have gotten out of the MTR business recently, as the competition has increased. 

I'll send you a connection request. I would be happy to discuss further. 

Hey Ryan, if you need a GC in the Raleigh area, I can recommend Trent Moody with Legacies Inc. You can reach him by call or text at 276-346-6540.

Hey Sammy, thanks for introducing yourself. I am a property manager here in the Triangle, and I would love to meet up sometime. I'll send you a connect request. 

Thanks for organizing this, Shane. I cannot make it tonight, but plan to join next month. 

 Not in my experience, Nicole. It is fairly straightforward. 

Hi Tahj, I am a property manager who does a significant amount of work with MTRs in the Triangle. Let's connect!