All Forum Posts by: Rene Hosman

I have a family member who is a pilot who was always recommending this to me, it works well if you have a lot of beds, like dorm style 2 beds per bedroom, and maybe 1-2 rooms with double beds for those who want more privacy. Also consider adding some large lockable storage lockers (like hostels have) so people can keep valuables in there while they're away. Also black out curtains, and white noise machines, like most MTRs are good.

You likely won't see one night or one week stays, most flight attendants have a home-base airport, sometimes they live near the home base airport, sometimes they "commute" and have to fly to their home base airport. Either way they usually keep the same base for at least a couple months at a time, they just might not be spending the night at that home base very often. For staff on working layovers, the airline will put them up in a hotel, and that's where most of the one-night stays are but airlines are negotiating that with major hotel chains. 

If you know anyone in the airline industry in Vegas the best way I found to reach flight staff is having someone put up a flier for you in the crew lounge. In nearly every airport there's a crew only lounge/cafeteria area where crew can meet before flights, or rest in between flights, and there's nearly always cork board or bulletin board of some type. Only crew have access to this area though so you'd have to have someone hang it up for you. I'd show 2 photos on the printed flier, one of the common area, and one of a bedroom, have your phone number, the amount you'd charge per bed, maybe a QR code to an online listing with more info. See how much interest you get!

Vegas isn't a hub for many airlines, a lot of those flight attendants are probably doing more regional out-and-back in one day than let's say a flight attendant in Chicago. But that doesn't mean this style couldn't work! 

The benefit of the flight attendants is that it can be hard to start but once the ball is rolling it's fairly easy to keep it going with referrals once you get "in" with the flight attendants. 

The stock market fluctuation has been rightfully making a lot of headlines, and I've been tempted to change my investing strategy even though I am a long-term buy and hold investor (for both stocks and real estate). I have no intentions of retiring in the next ~10 years and I keep trying to remind myself that smart, diversified investments will usually pan out in the long run if you're able to ride the waves in the meantime. 

With Q1 done, I'm curious if anyone has revised their investing plans for the year given the very large waves we've been facing? Or maybe you changed your investing plan for other reasons besides the market? Were you planning to buy a house this year and said never mind? Or maybe you weren't planning to buy a rental this year but now taking your money and putting it in an asset you have a bit more control over seems prudent? 

Let me know what your investing ideas were at the beginning of the year and how/if they've changed!

 What a great and succinct answer! Thank you for this!

@Alecia Loveless ah man I feel that! I've been going back and forth on my last lending source too! What now is making you wish you had changed lending sources/types? 

 Totally, that's exactly my point with this post is that hindsight is 20/20 but maybe someone posts something that keeps the next person from making the same misstep!

That's the beauty of REI though, as long as you're able to weather the storm and hold onto it, even a not-so-great deal can become a pretty decent deal one day

You did the thing, you bought the property, you may have put a little work into it, you got your rental listing up, you had to deal with walk throughs and so many inane questions, you sifted through candidates or finally got an application, now what? What do you weigh heaviest in your decision of whether to let someone lease from you or not? Which of these is the biggest red (or green) flag to you?

 Well we live and we learn, huh?! 

What do you mean by more BRRRR potential? Do you mean higher appraised value to possibly pull money out? Or something else?

What are some things in your last deal or investment you would have done differently? I'd love to hear from some experienced pros what you might have done differently.

I'll go first... my last deal was a BRRR you can hear about on the Rookie Pod. It was my first major renovation and in the spirit of learning and hands on education I tried to do too much myself. I had my incredibly talented handyman, an electrician, a plumber, but otherwise I was over there every day doing drywall, painting, installing flooring. And had I factored in the holding cost versus hiring more professionals who worked a bit faster than myself, I would have saved myself money and time.

This seems on it's face like it's something that could be mutually beneficial for you and someone else needing help and I guess my question is if you're willing to work for free why don't you start by getting an entry level paid job with a property manager or construction company or title company or something related to real estate where you'd get hands on experience and hopefully the opportunity to expand your network?

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