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All Forum Posts by: J. Martin

J. Martin has started 176 posts and replied 3654 times.

Post: My Logo Suck? Give me feedback and help shape it!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Arlen Chou:

@J. Martin you are wise beyond your years!

 Fortunately, I'm able to get advice from smart folks who are wise beyond their years ;)

Post: My Logo Suck? Give me feedback and help shape it!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

This is so awesome!! Thank you all! I'm posting the results of the top 3 votes, including comments, below! @Lance Hulsey, @Nicholas Wootten, @Raimondo F., @Joe Splitrock, @Jill DeWit, @Joshua Martin, @Jake Knight, @Sean Dolan, @Chad Hale, @Onna-lisa Kyom, thank you all for the feedback!! @Anthony Addessi, I like the idea of flip flops, but this logo and business name are not about me - quite the opposite! The logo is for the customers, and the business shouldn't be dependent on me, my personality, etc - even if that does help it out. A lot of those customers are tech/business people, traveling nurses, etc. None of them have flip flops :-/ lol

 Look @Arlen Chou! I'm growing up!! lol And thanks everyone for the tips on Fiver. I will be using that for different purposes in the future. I paid a lot more this time to have a wide variety of submissions without having to direct them too much at first..

**********

At first, I thought this looked too simple/basic. But like the font. And I think it communicates the idea pretty literally, which is what I was looking for. @Colton S., if you are Colton S below... I agree it is not very abstract, but that's what I asked for because I want disinterested parties to be able to tell quickly..

#29 was pretty popular, but I think it is very difficult to tell what is inside the house. Just looks like a house with a  weird shape inside to me (and I know what it is supposed to be..)

A version of this #36 below was my favorite. I had them add the orange to make it pop a little. I agree that the Home.com text does not work, by color, or with the .com. I'll keep this one in the running, but will have them make some tweaks..

Thank you all so much!
I will be posting the final round, then the final logo as I get there in the next few days/week.
Appreciate the feedback so much!!! Love BP :)

Post: Seeking Short-Term Rental Veteran in SF to Present at a Meetup

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

@Ryder Meehan,

I know I couldn't make it last time, but I can come help out if you want. (As you may know, I don't invest out of state, but have some experience with furnished rentals.)

I'm in Hanoi right now, but will be back before your meetup. I actually had it saved as Thurs, Oct 13, but will make a note of the change.

Wanted to say hi in person anyway.
If you're looking for something different from a presenter, no sweat either. I might drop by anyway and come learn from the group :)

If you have any feedback on my Furnished Home logos, please let me know!

https://99designs.com/contests/poll/o8cses?urlcate...

Thanks for the shout out @Chris Mason

Post: My Logo Suck? Give me feedback and help shape it!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @DG A.:

Hey @J. Martin

Take a look at running a "preference test" on Verify App http://verifyapp.com/tour/preference-test

I use them for the work I do A/B testing and conversion rate optimization, I'm in no way affiliated with them. 

Anyway, you can do a free trial, take the jpegs from 99 designs, and have complete strangers vote on which is best. I think that's a pretty good way of getting people's "visceral" gut reactions to it, if you're interested. 

Hope this helps man! :)

-Danny

 Danny,

This is a great resource for this question. Once I narrow the logo down to 2 or 3, I think I will try this option. Like @Arlen Chou also said to me earlier, it's great to get independent parties' reactions, especially when they don't already know what I'm doing - so they are not influenced by that knowledge.

You seem to know something about design.. What do you think about these?
Thanks again for the resource also!! :)

Post: My Logo Suck? Give me feedback and help shape it!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

Hey BP Colleagues!

Does my logo suck?
Please check out I'm having designed, vote, and give me feedback!! You can influence the best logo now! I still have time to do edits with the designers also..

https://99designs.com/contests/poll/o8cses?urlcate...

*This logo below sucks, right!? Help me pick a better one!*

@Omi C., @Anja Brey, @Shane Pearlman, @Arlen Chou, @Johnson H., @Account Closed,  what do you businesspeople think? How about some strangers that don't know me, from Denver, Seattle, & Austin? You're a bunch of techies with good design know-how, right? Anyone from New York City, Miami, Boston that could chime in?

https://99designs.com/contests/poll/o8cses?urlcate...

Disclosure: Feedback does not give you any legal ownership of the final product and will be considered wonderful free advice from awesome colleagues on the site! Ill buy a beer for the person with the best advice! ;)

Post: Hanoi Meetup 9/5/16 - 9/14/16 Flexible Date - Who's in Vietnam?!?

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

Hey Real Estate Investors!

I took a last-minute trip to Vietnam (livin the life!), and enjoy meeting other real estate investors wherever I'm traveling. How many Bigger Pockets members are in Vietnam?

@Arlen Chou, you got any plans? hehe

I'll also tag some other cities in Vietnam in case anyone wants to "commute."

Hai Phong, Vinh, Sa Pa, Ho Chi Minh...

Who's out there? I'm in Hanoi right now :)

Post: Owners open to sub-leasing in the South Bay Area.

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Brian Larson:

This thread has been very useful and timely.  I was at the summit last weekend and like many was very fired up after hearingl, Al,  Kimberly and David speak on monthly rentals. 

I have been investing in Long term SFR for a while but because if these sessions I am now looking at short term in Hermosa Beach. The problem, only thing o buy that could CF is a condo and the HOA scares me.

Minh brings up some great thoughts on this so Thank you! 

Brian

Brian, I recently turned down a sublease for a fantastically placed condo in Palo Alto. Couldn't be a better location. Why did I turn it down? HOA. I don't want it. Even doing 30+ day rentals, you are exempt from the sh0rt-term rental restrictions, if that's what exists. But I still think there will be a headache with neighbor complaints, depending on size of complex/community. I just didn't want those hassles.

I also discourage people from buying properties based on a unique operation of the property - like it making sense as a furnished rental. That may not always exist, and the next guy probably won't buy it based on that. So just be cautious.. It's a great play to know you can make more. But I wouldn't buy/rely on it. It's the extra gravy money. Just my 2 cents.

On that note, how much would you sell Easy St for  @Arlen Chou!?! lol Just throw out a number.. ;)

Post: Owners open to sub-leasing in the South Bay Area.

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Account Closed:

@Jake Knight, @Andrew Wong, @David Kyo and @Kent Baltare,

Enough with the nuisances. So how do you find owners that would allow you to sublease their property? What does J Martin usually tell you guys? Network, network, network. Your network = your net worth. If he knew what he knows now, he would have network a lot sooner. Didn't he say that? It takes time and serious commitment to achieve what J has. If what you've been doing is not working, shouldn't it time to do something different?

As far as I know, J leases 11 out of 15 units through his networking with local BP property owners. Astounding isn't it? It takes time to build trust and relationship. He didn't get there over night. I know his mark up on my units are between $1,800-$1,850/month and his goal is to net at least $1k/mo/unit. He has a good team that takes care of furnishing and cleaning up the units between turnovers. He just left for another trip to Southeast Asia this afternoon. All I can say is that he got this biz figured out. It sure beats a W2. Well, maybe.

As a property owner, I don't see myself say yes to allowing someone to sublease my property. Put yourself in the owner's shoes and you'd understand why. Something to think about. As you dig more into this niche, I'm sure you'll find more obstacles as well as opportunities. 

Best of luck.

 Whoa whoa, don't tell the kids too much!!!! lol Jk It's all good. Slight correction: I try to price about $1500/mo gross over fair market, although have been a little low lately. Not quite $1800/mo over.. Then net out the utilities, cable, internet, vacancy, furniture cost, etc.. It's a good biz, but has had a lot of challenges. A lot of off-hours texts and calls. Cleaning issues. Key exchange issues. Trash. Mail. You name it. But you live and learn.

I have to double down on what Minh was saying - that it's all about networking. People are apprehensive about anything new. I doubt Minh would have rented to me if I would have posted on BP without having developed a relationship with him over years. Same with others I work with. Maybe one exception. But I think my reputation on BP and as a meetup group leader definitely helped.

I'm still not sure how much that willingness was financial, or just wanting to me succeed, with some financial benefits to the owners.. I'll have to bug Minh and others to see what they say about it.. ;)

Reading Emyth right now, and on @Arlen Chou's encouragement and mentorship, I am deciding how big I want to make this train right now...

What do you guys getting into this biz think about the economic cyclicality of revenue and profit in the furnished rental biz? I have my own speculation, but curious what you think about longevity in this market.. ?

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

Saturday First Half of the Day Speakers..

J Martin

@Al Williamson, Leading Landlord

@Nav Athwal

@Kimberly Smith

@Amy Way

@Rick Harmon

@David Adams

@Kathy Fettke

Post: Owners open to sub-leasing in the South Bay Area.

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Account Closed:

@Chris Mason and @Andrew Wong,

This is definitely a trial and error for me. This is what I've learned, and it's not quite pleasant IMO. This is my sole opinions, and it has nothing to do with J's operation.

1) The location of the building/house has to be right IMO. Otherwise, your neighbors will complain. How do you like living next to a house that has different people coming in and out every several months? Did I mention there's a chance that your tenant MAY throw Airbnb guests when there's a one or two week gap between his/her corporate rental turnovers?

2) Noise issue - Sometimes, they have too many guests in a unit. This create noise issue. If you can cure it quick enough, your long-term tenants may use this as an excuse to break the lease, or they will move when their lease ends. You will only find out after the fact.

3) Safety issue - Your building is now operating like a hotel/motel/transient place rather than a "home". Your long-term tenants no longer feel safe because they don't know who lives next to them. If they want to break the lease, you have to let them out, or they move out when their lease ends. Again, you will only find out after the fact.

4) Does this mean you should run all of your units as corporate rentals or none? If all, the turnovers would be quite a bit. This goes back to the location of the building has to be right.

5) For 5+ unit buildings, our lender doesn't lend to furnished rentals. How do you plan to refinance when the loan is ballooned?

That's what I've learned so far...I hope there's nothing more to come.

I agree. There are a lot of challenges when expanding in a single building that pop up with owners, tenants/community, etc.

Thanks for being such a good sport Minh ;)

And that timing when I walked in the door when you were commenting on @Al Williamson 's net vs gross comment.. priceless!!! Wish we had it on video.. ;)

I believe the scene was something like this.. I think I can see the back of your head there..

Huge thanks to Al Williamson for helping out with the event, coming out to share with others, and teach us more about furnished rentals!! I'm glad I got your course :) My GROSS and my NET are way up!!! :)