All Forum Posts by: Donald Stevens
Donald Stevens has started 1 posts and replied 8 times.
@James Wise let's schedule a time to chat!
Hi!
Inbox me. let's schedule a call. Thanks.
Post: Atlanta CRE: Spotlight on Coworking and Co-living
- Posts 8
- Votes 5
Really wish I could attend this event! Seems like it's going to be packed with information!
Nationwide Financing
SCFC, Inc. is a veteran owned business that offers commercial, business, and residential investment loans. We have many resources to help you grow your business. We do a variety of commercial and business loans in many industries, including niches. Among the products offered are: Fix and Flip, Construction, Ground Up, Acquisition and development, Equipment Leasing, Accounts Receivables Factoring, SBA Loans, Business Lines of Credit, International lending, and many more. We can process large commercial real estate loans as well as have foreign national programs. We can assist even if you have poor credit! Please visit www.goscfc.com to apply or email [email protected] to discuss your needs.
Post: Short Term Rentals 3-5 units?Outside Management. Is it worth it?
- Posts 8
- Votes 5
Additional info: some of my partners in the business are seeing 3-4x more on the overall property versus their regular rentals. Trust there are tons of things I didn't touch on so please don't take my response as comprehensive. And for the $1600/month question...think monthly operating expense vs occupancy rate and pricing.
Post: Short Term Rentals 3-5 units?Outside Management. Is it worth it?
- Posts 8
- Votes 5
Hi! this topic is one of my favorites due to my enormous passion for the area. It will take a lot of time to type everything therefore I'll first start by saying that you may call or contact me anytime as my mentors in this area (vacation rentals) are highly experienced. But I'll leave you with these things first:
1. Check legislation regarding vacation rentals in your area, this is very important!
2. Keep in mind the goal is to set your occupancy rate and KNOW YOUR NUMBERS! (How else would you hit them??)
3. Design, Location, and Marketing are huge factors
4. Remember short-term vacation rental pricing and marketing structure is typically centered around the hospitality industry (think hotel rates, etc.)
5. Having local management is worth it and helpful if you are not located in the area...remember business is driven by quality and reviews!!! therefore management aspect is very important. ( vacation rental aspect)
totally agree with Mr. Derek...vet wholesalers thoroughly. But otherwise great route to take.
* I'm offering a special discount this month of 25% off fees for loans closed this month. That's money directly back into your pockets!
SCFC, Inc. is a veteran owned business that offers commercial, business, and residential investment loans. We have many resources to help you grow your business. We do a variety of commercial and business loans in many industries, including niches. Among the products offered are: Fix and Flip, Construction, Ground Up, Acquisition and development, Equipment Leasing, Accounts Receivables Factoring, SBA Loans, Business Lines of Credit, International lending, and many more. We can process large commercial real estate loans as well as have foreign national programs. We can assist even if you have poor credit! Please visit www.goscfc.com to apply or email [email protected] to discuss your needs.