All Forum Posts by: Joshua Messinger

Hey @Brandon Combs! 

Sounds like you're on the right track! My best recommendation would be to focus on the metro areas as it is less common for someone to house hack in rural areas. Besides that, if you need any help with your underwriting don't hesitate to reach out as we can get on a quick call! 

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Josh

Hey @Anthony Stephenson! 

I have not used this service personally but in my past experience with using/building out SEO on websites is that there is no service that can shortcut your success in the SEO realm. In my opinion, it's all based on quality or quantity. The more high-quality content you can get out the more keywords you will capture... The opposite side of the spectrum is true too, the greater quantity of content you post the more likely your chances are that you will secure a keyword or two. If anything my best recommendation would be to look up youtube videos on how to constantly increase your SEO as there a more factors that come into play with it than just keywords... Think about how can you improve your UI/UX? Can you connect other websites to yours by posting links on them? There are so many ways to go about this! Be creative! 

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

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Josh

Hey @Noah McPherson! 

Just like @Account Closed had mentioned, If they are just following up and not trying to close a deal for you then you should be fine. 

If you are trying to use VAs to cold call or close deals for you it is impossible for them to build rapport. My best recommendation if you are trying to use VA's for this type of work is having the VA's do the initial cold reach outs to figure out more information, then if they are actually a solid lead then you go on to start building rapport and close the deal.

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

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Josh 

Hey @Noah Brown! 

My best piece of advice is to find someone on these forums that have done exactly what you are looking to do in your area. There are so many more investors out there then you could imagine! 

This way then you can hear real-life experiences and understand the nuances that go into the operations of a rental property. 

Besides that, another great way to find information is by buying books that are specifically focused on the niche you are looking to get educated in. In your case I would be buying as many multi-family real estate investing books and reading them cover to cover so you can consume as much information as possible. 

I hope this helps and if you ever have any questions please don't hesitate to let me know! 

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Josh

Hey @Jessica Singsavatdy! 

If you have a lot of properties and are planning on managing others I would recommend doing what @Andrew Steffens recommended as this is how our company is set up. 

Besides that, if you aren't doing operating on as much scale I would recommend going the route @Bruce Woodruff had recommended. This makes everything much more simple but you will have the manage the transferring in between accounts and you need to make sure the money is in the right places. 

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

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Josh 

Hey @Han T.! 

I'm not from your market but my team and I occasionally achieve the super host status whenever we launch an STR!

Please feel free to reach out if you have any questions with anything at all! 

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Josh 

Hey @Xingcai Wu!

This one definitely seems appealing from a bird's eye perspective and it seems like you can make the numbers work when you really crunch everything together... But, don't you agree that now is a time when you should be ultra-conservative with these estimates? It seems like there are just so many ways this could go wrong since you are finding one issue after another and continuously have to go back to the seller to ask for more concessions. 

This deal might work, but only for the right price! Don't get emotionally attached to it and stick to your gut with your estimates/projections! If it doesn't work it doesn't work, if it does, it does.  

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

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Josh

Hey @Sam Dorgalli! 

Making the switch may seem daunting but it really isn't too bad after you get started! But, if you are looking to go this route you have got to be practicing what you preach. If you aren't actively buying homes in the area you are selling, then you will have to at least be managing properties to understand the basics of the market. 

Another thing is that you must have a team around you so you can take clients through the process very simply and seamlessly. This means having title companies around you, insurance recommendations, mortgage lender recommendations, HMLs, etc. If your system is rigid and goes all over the place no one will want to work with you. I would advise to really double down on making systems and processes if you are considering converting your business over. 

I hope this helps and if you have any more questions please don't hesitate to let me know! 

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Josh 

Hey @Jacob F.! 

Depending on your township's/HOA's policies on getting your permit my recommendation for when you should get your permit varies. If it's a long process where the township will need to get an inspection done on the property I would try starting the process right after you get it under contract. Besides that, if the township/HOA you are working with has a relatively quick process then it shouldn't be a problem for you to start the application process right after closing on the home.

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

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Josh

Hey @Jacob F.! 

There is currently no website out there that gives you all the short-term rental data on every single county/township. I would recommend calling each county/township as I would never trust information that was just put online. 

But, there is a website called Avalara that can help you automate the tax/permitting process when getting started with your rental property. This software has been used by some major management players in the short-term space like Evolve, Turnkey, etc. I would only assume that giving them a call would really help out when trying to figure out the information you need too. 

Here's a link to their website: https://www.avalara.com/mylodg...

If you ever have anymore questions please feel free to let me know! 

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Josh