All Forum Posts by: Michael Greenberg

I have created my own brand "thejetsethost" and manage all email and calendars via Outlook, though I've only found Airbnb and Homeaway to be worthwhile.  

Mike

Hi Adam,

This link might give you the answer you're looking for.  Unique sells, there's no doubt about it, but functional unique sells even better.  I don't have experience in your neck of the woods but based upon your description, it looks like a good potential location.  Also, a bit of financial advice.  Do you homework with a tool like Airdna.co (not .com) and utilize their investment analyzer.  Or if you're financially savvy, create a spreadsheet of the area from AIrbnb and VRBO and make sure this will fly for you.

Best of luck,

Mike

http://www.housebeautiful.com/lifestyle/g3599/most-amazing-airbnb-rentals-in-every-state/

Hi Scott,

I would search out a tool like airdna.co (not .com) or Mashvisor to do some homework.  These tools provide pretty strong financial analysis tools based upon zip codes and areas.   I would also run a cash on cash analysis to determine the wherewithal of this expense based upon estimated rental income.  I have a spreadsheet a friend of mine developed and can send you a copy of you want to private message me.

Mike

I have a +1 for every commode, but my homes are 5 minutes from a store.  For the extra few cents, I would probably add a 2nd roll if I were far away and was receiving complaints from guests.

Thanks @Antoine Martel, @Andy Thoms, @Avery Carl!  All good feedback and advice.

Mike

I am a real estate investor, short term rentals (Airbnb), and looking to acquire additional properties in the near term.  I am considering asking the seller's agent to become a transaction broker on the deals I am considering to use as a purchase negotiating tool, e.g. offer less since seller does not have to pay a commission to the buyers agent.  I know what I am looking for, doing my own homework to find the properties I want to potentially buy, and scheduling my own showings with the sellers agent working through the due diligence myself.  Good idea or mistake?

I agree Jason, but I have yet to structure this and justify the time and expense.  I did build a website of my own but it's more of a place holder than an actual marketing engine.  I have also maintained a database of guest emails and phone numbers so when I am ready I will have this information available.  I look forward to hear what other BP members are doing so thanks for posting this question.

Mike

@Brandon Stevens as @Jon Crosby mentioned, I don't see a clear path to do this with 300k leveraged or un-leveraged.

@Brett Shoemaker You'll need to find a intermediary to setup the Solo 401k.  I'll PM you who I used.

Google search for short term rental regulations in the county you are looking at buying into.  I have found this works quite well.  Never heard of a consolidated database of all counties, but that would be cool.