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All Forum Posts by: John Seitz

John Seitz has started 22 posts and replied 54 times.

Post: Out of State Investing - Please share the good, the bad, the ugly

John Seitz
Posted
  • Investor
  • St. Louis, MO
  • Posts 56
  • Votes 29
Quote from @Tasha Barnes:
Quote from @Todd Van Etten:

Dear Tasha, please make sure your PM is well vetted. I bought a rental from an investor and a PM was already in place.  I "assumed' the PM was good, but turned out to be the contrary. You really need a good PM especially if you're out of state, along with a good agent or someone who can keep your PM in check.


 Thank you Todd! We had our experience with a PM that we didn't vet and it was a nightmare. We "inherited" the PM when we purchased the property and because we were newbies, we didn't take time to do our own due diligence on the PM.

How do you recommend vetting a PM? What should I look for?

Post: What Tools Do You Use?

John Seitz
Posted
  • Investor
  • St. Louis, MO
  • Posts 56
  • Votes 29

I have my loan set up to buy my first property. I live in St. Louis, MO but my property will be in Destin, FL. There are so many online tools/services to choose from for running the business that it can be overwhelming so I thought I'd come to the experts. 

What tool do you recommend for:

- Finding a property to buy (I've used Mashvisor for this so far)

- Analyzing the market and individual property (Mashvisor has some great tools, but I don't trust their numbers. I've also used All the Rooms which I like a lot better)

- Property Management - I'm thinking of hiring someone to do cleaning and maintenance (tools for this?) and doing the booking (tool for this?) and bookkeeping (tool for this?) myself.

- Understanding local rules and regulations

- Taxes

Is there anything I missed?

Thank you,

John

Post: Short Term Rental Resorts/Developments

John Seitz
Posted
  • Investor
  • St. Louis, MO
  • Posts 56
  • Votes 29

Thank you for the responses.

@Chai Xiong Do you have to you use the property management company that 'comes with' the resort' (it seems like many of these are all-in-one package)? Also, can you recommend a realtor in that area (if that is allowed on the forum).

Post: Short Term Rental Resorts/Developments

John Seitz
Posted
  • Investor
  • St. Louis, MO
  • Posts 56
  • Votes 29

Hello, My wife and I are looking to buy a 2 - 3 bedroom condo/townhouse for STR near Disney. We are mostly looking in Kissimmee. I'm seeing entire resorts/developments that are apparently dedicated only to STR units. Can anyone shed some light on the pros and cons of purchasing in such an area?

Thank you,

John