All Forum Posts by: Doug H.

@Paul Sandhu

Heh. Old school. Respect )

@Emily K.

Emily, I know this has become a discussion with a lot of good points and good information. Someone may have already brought this up, and I missed it. My apologies if so….

But, having started out as third party property manager before owning multifamily and now STRs, the one unshakeable and undeniable truth one learns is that all the magic of the systems of real estate play to the owner.

It’s the equity holder who ultimately generates wealth through appreciation, ReFi, reinvestment, rent increases, etc etc.

The managers never get rich, unless they make the move over to ownership.

So, while opinions vary, In my mind, the response to your initial question is another question:

Why would you engage in a risk maneuver in which the odds are stacked against you, instead of the ownership side where most of the odds are decidedly in your favor?

Further, the real risk may be opportunity cost. From experience, you can get so caught up in managing that it keeps you from finding that opportunity which allows you to buy something.

Best of luck in whatever you do. I guess I just favor the easier road. Ultimately it’s more successful and far more scalable.

@John Underwood

Heh, John. I couldn’t agree more. San Diego is home and where I have my first 47 STRs, and every year, it’s watching the hotel lobby fund NIMBY groups to try and regulate us out of business.

So far, California coastal commission has always stopped that, but one day they won’t.

@Marc Jackson what would you call the average performance (gross income and net income) from a PCB Townhome within say 5 blocks of the water?

@James Fraundorf

Hospitable

PriceLabs

Schlage Encode Locks

RemoteLock.com

At 4 units, you can get by with much less, but we hit a couple scalability points which caused the need to beef up systems.

@Beau Johnston

Welcome to the community!

@Collin H.

Oh, mine is the towel bars… they are constantly ripping the towel bars off the walls.

@Carolyn Fuller

Which other platforms?

@Michael Haas I would love to connect and talk about your local markets.

@Tim Spry

Oh, I stand corrected. I thought I read in the Sun that council had ordered city staff to “investigate possible time frames” after Rancho was all over it.

Sorry about that.