All Forum Posts by: Dave Stokley

- buy a great property

- furnish it really nicely

- get professional photos

- do your research and price it appropriately 

I'd bet that nobody with a single working brain cell will sign a lease with your brand new LLC without you personally guaranteeing it as well.

As for the writing style, this is totally subjective and unique to each person, but I think you can be professional without being overly formal. No offense, but to me the excessive formality and pleasantries feel like there's something you're trying to make up for. This sentence, for example, seems completely unnecessary: "Thank you for your time and attention to this matter. I look forward to your response and the opportunity to discuss potential options that align with your organization's leasing policies." Again, you gotta be yourself, so if this is your jam then go with it.

The most important thing is to answer "what's in it for me."

Cheers and good luck!

Our clients all have access to the calendar and data through our PMS (Guesty) and we send a monthly report that details every booking and expense, which rolls into a dashboard of monthly performance metrics.

First of all, I suggest you search the forums as arbitrage has been discussed ad nauseam. Most people don’t think it’s a good strategy, and I tend to agree.

That being said, the problem with your message is that it’s filled with BS mumbo jumbo because you’re afraid to be straight-forward about what you’re doing. Nobody knows what the hell “corporate leasing” and “alternative rental arrangements” means. It’s a quick DELETE for me as a business owner. Just say it! “I want to rent your place and put it on Airbnb.”

You also need to explain what’s in it for them. Are you going to pay them more? Are you going to pay them a year of rent upfront? Are you going to give them a cut of the profit? I’m guessing the rental market in Alexandria is very strong so you’d better make it worth it.

Right off the bat, I’m concerned that you’re buying a property that you don’t have a clear plan for. 

If you’re hiring a property manager it should be a local company that is doing EVERYTHING for you. You shouldn’t need contractors, cleaners, etc. 

Pls dm me details about the properties

First of all I always tell people that if you know your own market well enough I bet you can find some sort of micro-niche to serve - no need to go halfway across the globe. 

Re: your question, you get what you pay for dude. Airdna isn’t that expensive compared to what you’re about to invest in a property.

Also check out STR Insights, which I think has a little more of what you're looking for in terms of finding markets. Also not free.

Go wherever landlords advertise properties for rent and start dialing.

In traditional arbitrage you are simply a tenant and you cover all expenses, including furnishing, utilities, etc., and you keep the difference between your expenses and what you rent it for. When you start asking the landlord to cover expenses and split profits it’s really a property management arrangement as opposed to arbitrage.

Never heard of such a thing or requirement. Perhaps you should contact the county and ask them what they expect to see in it.