All Forum Posts by: Joshua Messinger

Congratulations on getting your first one! 

Would love to see some pics to help out further with the remodel! If you ever need anything please don't hesitate to reach out! 

All the best,

Josh 

Hey @Ashley Powell! 

I would recommend talking to an attorney for this one - this way they can help you draft up and entire lease that you would be able to use and then you would know you aren't going to be getting caught up in the law if you do it all yourself. 

Hope this helps and if you ever need anything don't hesitate to reach out! 

All the best,

Josh 

Hey @Sam Deacon! 

Love hearing how you're taking a dive into everything and taking that step that others usually would avoid doing. I'd love to help you through the process and teach you the systems around running your own Airbnb operation... Just reached out over PM! 

Take every day with a grain of salt and don't be scared to take action when you have completed the proper due diligence and are prepared financially. 

All the best,

Josh

@Pretty Khare in Poconos PA - came across a couple of them today lol 

Hey @Joshua Milam! 

I truly believe that in this industry the knowledge that you need to acquire comes from boots on the ground experience, mentors advice, etc. 

Other than that that I don't see college being that useful for this industry besides an economics/accounting/writing class. But, that may be because I am biased and skipped out on going to college myself to focus on real estate. 

I hope this helps and if you ever need anything don't hesitate to reach out! 

All the best,

Josh 

Hey @Zane Abner! 

My team and I currently only buy properties that have a 20% CoC return or greater with conservative rates. Anything below that we see as a poor investment for an STR.

Another one I like using is finding properties that cost $100/sqft or less than that. These ones are usually good for value-add/renovation projects. 

I hope this helps and if you have any questions please don't hesitate to reach out! 

All the best,

Josh

Hey @Matthew Pride!

Philadelphia for buildings that are zoned CMX-3 or above. Poconos, PA is generally friendly for STRs but can be outlawed in certain areas due to HOAs. Pittsburgh is very friendly towards STRs right now but may follow suit with the Philadelphia ordinance down the line. 

I hope this helps and if you ever need anything don't hesitate to reach out! 

All the best,

Josh 

Hey @Brian Young! 

Congrats on adding the new division to your guy's team! I wish you guys all the success in your future endeavors! 

From my experience so far being in the PM industry one of the biggest things I have really noticed is how crucial it is to have detailed laid out processes for each type of operation you have going in within your business. Having every process laid out really allows you to open up more room for creativity/innovation from the people who work with you so then they can help you figure what is more efficient, what works best, and how to overall improve. 

I hope this helps and if you have any more questions please don't hesitate to reach out! 

All the best,

Josh 

Hey @Tim Ashley! Congrats on getting this done and all the success you have had so far! Can't wait to hear about the many more you acquire! 

If you ever need anything don't hesitate to reach out! 

All the best,

Josh

Hey @Matt Schreiber! 

Would love to connect more and get you in touch with our team at Bespokestay. In the Poconos, we have a 100% in-house property management team that makes it extremely easy for owners to take a hands-off approach when investing with us. 

Otherwise, if you ever need anything else don't hesitate to reach out! 

All the best,

Josh