All Forum Posts by: Joshua Messinger

Hey Brian! 

Keep crushing it! I'm not in the area but if you ever need anything don't hesitate to reach out! 

All the best,

Josh

Hey @Keenan Cromshaw! 

I would recommend talking to a short-sale/foreclosure attorney for leads. I would never recommend buying lists from data scrapping software as they can be selling you a bunch of BS and you would never know.

If you have any more questions don't hesitate to reach out! 

All the best,

Josh

Hey @Conor Davis! 

Talk to as many people as possible that are like-minded like yourself. If you don't talk to people that are focused in the same direction that you are then you will be moving in several direction without meaning/purpose. A great place to start would be here - constantly reach out and message others to try and connect and hear their story. Another one is on Instagram pages related to real estate investing or influencers pages that focus in on the real estate niche... There are so many more spots you just have to keep pushing yourself towards them and get to know the communities within. 

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

All the best,

Josh

Hey @Scott Sobera! 

 I would recommend starting here in these forums and going back to older threads. The amount of value in these forums can't even be put on a scale because you will hear of actual REAL scenarios that other investors have been through. 

Otherwise, if you are really trying to figure out this information on your own a good way to figure out what area you want to invest in is by making a checklist of items that make the area you are looking in an actual viable investment area, here's a short example list of things I will look up in an area even before thinking of considering it: 

- Amenities

- Rules, Regulations, Bylaws, Covenants of the areas County, Townships, and City. (They all will have different rules)

- Market analysis of occupancy, revenue, ADR, etc.

- What does your competition look like?

- What're the economic trends of the area look like? (Healthy, Poor, etc)

Another way that you can get information like this is by connecting with a property manager or investor-friendly agent in the area that you choose to want to invest in. The information that you can get from someone who is invested in the area you are in is invaluable and shouldn't be overlooked. 

If you have any other questions please don't hesitate to reach out! 

All the best,

Josh

Hey @Brian B.! 

Evolve is an extremely generic PM company that gets most people because of their low fee. All of their employees are outsourced as well so if you are looking to use them I would not expect your property to be kept at the standard you would like it to be at. 

My best advice would be to keep researching for more PM companies that are in your area and find which one seems to be the most local as they usually will put the most dedication/focus into their work for you since that area is their breeding ground. Another piece of advice I would recommend you take action on is finding an investor-friendly agent in the area you are looking. Some agents may actually work for a PM company or even know of several of them that are much better than the generic PM companies you will hear of. They can also give you resources of other investors in the area who may be able to help you in your current situation. 

Otherwise, if you ever need any help with anything please don't hesitate to reach out! 

All the best,

Josh 

Hey @Crystal Smith! 

I can't stress enough how important it is to find someone in your market that is familiar with how the market currently is and how it seems to be trending. Having a relationship like that can make your REI career sky rocket faster than you could ever imagine.

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

All the best,

Josh 

Hey @Daniel Kunimoto! 

A good way to find investor-friendly agents is to click the button on the top of the dashboard that says "Find an Agent". From there you can get connected with an agent that is familiar with your area and will be able to help/guide you through the process of finding a place :)

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

All the best,

Josh  

Hey @Bob L.! 

I couldn't agree more with @Luke Carl on this one. It's very hard to connect with someone that is looking in the exact market that you are looking at. But, the information that you can pull yourself is more valuable than you can imagine so it's good to make a checklist of items to know before making the decision if an area is viable for STRs or not.

Here's a quick list of a couple of things I make sure to make a list of before making the decision that an area is viable to invest in or not: 

- Amenities

-  Rules, Regulations, Bylaws, Covenants of the areas County, Townships, and City. (They all will have different rules) 

- Market analysis of occupancy, revenue, ADR, etc. 

- What does your competition look like? 

- What're the economic trends of the area look like? (Healthy, Poor, etc) 

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

All the best,

Josh

Hey @Evan O'Brien! 

This is a great question! It truly depends on the HOAs rules and regulations/ordinances that they have in place for the county. One thing I would keep in mind is that these rules and regulations nearly change on every single board meeting that they will have since they play such a large role in any economy so you should have the expectation of keeping up with these as much as you possibly can. 

If you have any other questions please don't hesitate to reach out! 

All the best,

Josh

Hey @Rachel Mellies! 

1st. I would recommend reading Avery's book ^^^^ 

2nd. I would get in touch with an investor-friendly agent or property manager that is involved in the STR space. They can give you in-depth information on the area you are in and the way it is trending. Relationships like these are invaluable and I would recommend if you are looking to buy in any areas that you get in touch with someone that already has properties there.

If you have any more questions please don't hesitate to reach out! 

All the best,

Josh