All Forum Posts by: Jonathan Ruths

My wife and I bought our first investment earlier this year - an STR. We have a money partner who helped finance some rehab costs for that property in return for some equity. We created an LLC, set up the bank accounts, and are now looking for our next property. After the original LLC was created (simply titled after the street address), we starting using the branding "Family First Hideaways" when talking about the web of properties we would like to acquire across the country. I'm just looking at our current expenses - some are specific to the first property (street address LLC) like cleaners and handymen charges, but a few - mostly managing and analysis software - are going to carry over and used for other properties... Since our plan is to bring in partners for future purchases, should we set up a separate LLC for "Family First Hideaways" that can act like a holding/managing company to become the partner in those future STR acquisitions... or am I just getting ahead of myself.

Thanks for your input!

What lock do you all use on your owners closet so the cleaning team can access?  Do you use another digital front door keypad, or do you have a cheaper non-battery option you like?  Having a hard time finding something that works.

I am looking in the Poconos, yes. Already working with a realtor, but appreciate your website and the list of HOAs and their STR friendliness!

Hi all,

Just curious on how you'd structure a deal with a partner with the following information. I'm going to bring about 30k to put towards downpayment and closing costs of the purchase and the property will be in my name as a second home.  My partner will bring about 50k for rehab and furnishing.

Here's what I'm thinking. Since I'm managing the property, I'll take 15% off the top of all bookings similar to a management company.  Then my partner and I will split the remaining profits based on the percentage of the money we brought.

Does that sound like a good deal for everyone?  Thanks for your feedback!

Thanks for sharing!  I've been eyeing the Pheonixville market for a few months. What do you think are the best and worst things about investing there?