All Forum Posts by: Clint G.

There is a lot of good information on remote management for STRs in these forums. Find a channel manager you like such as smartbnb, yourporter, iGMS etc. Reach out to other owners in the area you’re purchasing in and try and get some contacts for your cleaner and handyman list. You can automate pretty much everything yourself instead of using a property manager and use that extra cash flow for more properties. Good luck!

Thank you for that encouragement!

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Originally posted by @Jake Cohen:

@Clint G. @Paige Hutchinson

I have a pretty comprehensive list of recommended softwares, insurance, furnishings, etc. Happy to send your way. Just shoot me a Message on here with your email address.

I own 6 units and co-host 3 others from a few hundred miles away. Once you get things set up and dialed in, it’s not too difficult to manage around the rest of your life. I am a firefighter with 2 young kids and still manage all on my own.

Good luck and let me know if you have other questions.

That's awesome of you to offer that up. I'll shoot you a message!

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Originally posted by @Paige Hutchinson:

One of the realtors I just spoke to uses them and so does several of her clients and gives them very good reviews.

Thank you for that feedback!

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@Michael Baum

I've thought about doing it all myself. I need to start getting cleaning/contractor contacts and quotes. That's my biggest hurdle.

I'd like to have my own website to drive traffic to it etc, and having total control of my own destiny is important to me.

If you have any recommendations for software tools etc that make long distance managing easier, please share them with me!

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@Robert Tinker

Glad you finally closed a deal in Corpus! Shoot me a message about your Corpus property. I'd be happy to hear how it's going so far.

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@Jon Crosby

Thanks Jon! Great advice!

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Hello!

Getting ready to dip my toes into the STR world. I've got a few long term rentals but no STR's at this point. I'll be managing this one from a distance so I thought I'd use a management company at first and then transition to managing myself once I learn more.

Turnkey Vacation Rentals charges an 18% commission off your gross which doesn't seem bad compared to some that charge up to 35%.

Anyone use Turnkey? If so, pros and cons?

Thanks!

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Just locked 2.99% with .21 pts in TX

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Hey guys!

I'm kicking around the idea of purchasing a condotel to be used as a STR in TX (South Padre Island). Who has purchased one, and can you give me some feedback on how you financed it? From what I understand, it's not a typical investment loan.

Also, any feedback in general with your experience with a Condotel would be appreciated!

Thanks!

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Originally posted by @Kenneth Garrett:

@Clint G.
If DTI is becoming an issue then I would transfer the property to an LLC and refinance to a commercial loan. You can do this all at the same time. So there is no need run out and transfer the property. Talk to a commercial lender and explain you want to refinance a property and you will set up the LLC at the same time. This should not be a problem.

Does it have to be moved to an LLC? I was under the impression that a commercial loan in itself would remove it from DTI.

Thanks!

1 Vote

All Forum Posts by: Clint G.

Clint G. has started 32 posts and replied 299 times.

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: Turnkey Vacation Rentals - Anyone use them for management???

Post: What are the interest rates now a days for an investment property

Post: Condotel...Who has bought one? I have questions!

Post: Credit score dropped like a rock after 5th property!