All Forum Posts by: Julia Lyrberg

Congrats on closing the 4-plex! It’s totally understandable to feel nervous about raising rents, especially when they’re so far below market. Your plan to increase by $200 gradually seems reasonable, and it gives tenants time to adjust. Since they're month-to-month, it might be worth having a respectful conversation, explaining the market situation and any improvements you're planning to make.

Some tenants might leave, which could actually work in your favor if you're looking to renovate each unit. Just be clear and fair in your communication, and let them know that while rent is increasing, they’re still well below market.

Sounds like you're in a great spot with 8 turn-key SFRs and now wanting to get into BRRRR! For out-of-state investing, one of the biggest tips is building a solid local team—an agent, contractor, and property manager you can trust is key. Also, be prepared for potential delays and unexpected costs, especially with long-distance renovations.

With over 50 great reviews, most people can probably see through the occasional high-maintenance guest.

Replying could be a good move. Just keep it short and polite, like, "Thanks for the feedback, we appreciate your stay and are always looking to improve." That way, you’re showing you care without sounding defensive, and future guests will see that you're professional.

Hi Kyle!

Be sure to market your listings on both Airbnb and VRBO. Using Instagram and TikTok is a great strategy—post short reels to attract guests and use hashtags for more visibility. You could also try seasonal decorations, like for Halloween or Christmas, to make your property stand out.

For help managing the STR, look into property managers who specialize in short-term rentals or join local real estate groups to connect with experienced hosts. That could help you break even and get closer to buying another one!

Check out Facebook groups! There are plenty of real estate groups where investors are actively looking for properties.

Hi Alec,

I think these are great requirements to help secure quality tenants!

Hi Nadia, here's a few things to consider:

Your plan sounds solid! Converting your short-term rental to long-term can provide more stability and reduce the hassle of managing utilities, taxes, and turnovers!

You’re definitely on the right path! I would suggest playing the long game, though, instead of focusing on quitting your job. The cash flow you earn from rentals will likely be best spent on maintenance, unexpected expenses, and reinvesting in future opportunities. Think of your rental income as a tool to build long-term wealth and financial security. Keep saving, building, and being strategic—it’ll pay off in the long run!

Hi Ryan,

I'm glad to hear you're interested in getting into real estate! BiggerPockets is a fantastic resource. I'd recommend checking out some books on short-term rentals written by BP authors. We work with many STR borrowers, and the returns can be great if managed well. I'd be happy to connect and assist with any financing needs you may have!