All Forum Posts by: Dale Bertrand
Dale Bertrand has started 10 posts and replied 40 times.
Post: [Calc Review] Help me analyze this deal
- Posts 40
- Votes 16
I wouldn't do it if you are expecting 3.47% cash on cash return. Could you increase that with some upgrades? Can you expect huge appreciation in this market?
Post: Wood Fireplace Replacement Ideas
- Posts 40
- Votes 16
Just cover it up. Here's what we did to the fireplace in our STR...
Post: Inexperienced landord, in over my head
- Posts 40
- Votes 16
@Angela Persico Just sending you some encouragement to keep going and searching for a resolution. We've all had to learn important lessons the hard way. Congrats on getting started! You are WAY ahead of most people. If you stick it out the lessons you are learning will make you rich some day.
Post: Where to Purchase First Rental Property
- Posts 40
- Votes 16
@Logan French I'm in Boston too. Highly recommend a house hack in Boston. You could get better cash on cash return elsewhere but everyone's situation is unique. You need a place to live in/near Boston and you are on the ground learning about different neighborhoods already. Get started learning real estate with a local deal. It's ok if it's a base hit and not a home run. The key is to get started so you start learning and then find better deals has you matured as an investor.
Post: Greater Boston-10+ people STR accommodation
- Posts 40
- Votes 16
@Ling Lin I've got a 3 bed and 4 bed STR near Boston in the towns of Harwichport and Chatham on the Cape. It's working out well for me but it's VERY seasonal so not the best STR market for sure. I'm jealous of the returns folks are getting with STRs in other markets.
Post: Hello! I am looking to get my first RE Investment property.
- Posts 40
- Votes 16
@James Choi, Great to meet you! I'm on Boston too and looking for my 3rd property.
Post: STR Revenue Target vs Purchase Price
- Posts 40
- Votes 16
Great conversation! I'm curious how the financing affects your deal filtering rules. Assuming debt keeps getting more expensive, how does that affect your screening of properties?
- Dale
Post: Expert to review my listings?
- Posts 40
- Votes 16
I would love to hire someone to review my STR listings and advise me on how to improve it. Do you know anyone who offers this type of one-time consulting service? Who would you recommend?
- Dale
Post: No pets for out Airbnb - guest brought service dogs
- Posts 40
- Votes 16
Quote from @Kathleen McDowell:
The only recourse you have is to remind them that the animals must be with them AT ALL TIMES, because they are service animals, and cannot be left unattended in the property. In the past, I have had to remind me guests of this rule as many don't realize this (because most times their pets are not really service animals). Good luck!
Post: Short Term Rental Mastermind Groups
- Posts 40
- Votes 16
Quote from @Marissa Biddle:
Hi! I am hoping to join a mastermind group that is focused on the operation and growth of a short term rental business. Does anyone know of any or are a part of any that they would be willing to share?
Thank you!
@Marissa Biddle Don't be intimidated by the answers here directing you to other helpful resources ( and don't really answer your original question ). I've benefited greatly from masterminds in my non-real estate endeavors and highly recommend that you keep looking for an STR mastermind. If you don't find one, start your own! Seriously. And invite me :) There are many people in this forum who would enthusiastically participate. Hit me up if you are curious how I started and ran a mastermind in my life outside of real estate.
- Dale