All Forum Posts by: Dana Miller

 Thank you everyone for your responses!

I'm starting to think I'll have better luck with cash flow purchasing a commercial office space and turning it into a photo studio or one of those office shared spaces LOL 

I'm having trouble figuring out what to do for my first out-of-state investment.

I am looking into doing turnkey in either Indianapolis, IN ; Memphis, TN ; or Oklahoma City, OK thru either Rent to Retirement or REI Nation. I know these are low-hanging fruit areas in the sense that they are cheap to buy but they are cash flowing like $100/mth.

To combat this issue, I was thinking of renting out only 1 of 3 bedrooms as a short term rental and/or as a photoshoot studio so I can be able to earn extra cash on that specific room.

First of all - am I allowed to do that..period?

Second, does anyone have any websites they use that catalogs all the different Airbnb laws/rules for each city in every state?

Thank you 

@Nathan Gesner hmm okay I take it that everything depends on the job..

How does one get hired as a property manager? I'm assuming would I find the job thru LinkedIn, Indeed, etc.?

I want to move to LA - but instead of blowing my whole paycheck on a closet-sized room, I thought of working a deal as someone's property manager to work to pay for my rent. To be honest - not entirely sure how it'll work (never been a property manager before) so I have some questions:

1. What tasks are expected of a property manager?

2. Is it a part-time, full-time, or seasonal job? (How many hours/week is expected?)

3. Even though I don't have experience persay as a property manager, I have a marketing degree and am a licensed loan officer and real estate salesperson -- do those count for anything??

4. How do you market yourself as a property manager? (What do people look for when they hire a property manager?)

5. What type of properties are property managers hired to manage? :D

Investment Info:

Single-family residence other investment.

Cash invested: $2,400

House Hacking at Parent's Home - Renting out Unoccupied rooms to students.

What made you interested in investing in this type of deal?

It's easy because I live there

How did you find this deal and how did you negotiate it?

I was born in it. Didn't take much negotiating when you tell your mom that you will take care of the mortgage payments for her.

How did you finance this deal?

Renting out rooms

How did you add value to the deal?

Used my network to find people to rent the multiple rooms

What was the outcome?

House Hacking

Lessons learned? Challenges?

Managing a house is harder than managing an apartment for students