All Forum Posts by: Matthew Kresky

https://www.ninasilverdesign.c...

Drafter

Part time with potential for full time

$25-$35/ hour depending on skill level

This is a great position for a seasoned drafter who is looking for an opportunity with a growing company, or a student with AutoCAD experience who will benefit from additional guidance and training. Estimate of up to 20 hours per week with the potential for more.

Please provide a brief introduction, and I will follow up with a resumé request for appropriate candidates. Thank you!

We transform the information provided by an architect into plans and develop detailed elevations that include specified finishes provided by the designer. This is fast-paced, highly detailed work that requires accuracy and the ability to review the information, recognize and question potential problems and proactively provide solutions. The job is not just to copy but solve. Delivering results ahead of deadlines and exceeding client expectations is a priority; maintaining an organized calendar and accurately estimating turnaround is crucial.

Below is a brief list of typical tasks; please indicate in which areas you are proficient, and where training would be needed:

• Reading architectural plans
• Basic knowledge of building codes and standards
• Importing data into AutoCAD
• Creating blocks and working with many layers
• Drawing accurate elevations
• Formatting layouts in paper space
• Verifying specifications of plumbing, lighting, and finishes
• Creating highly detailed and artistic representations of lighting, wall covering, and tile
• Time management and estimating
• 3D rendering utilizing Sketchup and V-ray is a bonus!

@Wes Evans I don’t have any hard data but I have not noticed anything like that with my 3 houses. I would say as long as you are within a 10-15 min drive and on the N/NW side of town you are good.

@Robert Shortsleeves You cannot go wrong with the Hortons managing. Good luck brining your STRs online!

@Justin Melendez Thanks Justin! The goal of our designs are to try and differentiate our houses from the rest. Your compliment means a lot.

@Tiara Jackson This is our third STR property in Fayetteville. I am blessed to have my wife on my team. She is an incredible interior designer and has done a great job working closely with the on site stagers to bring her visions to life. Feel free to reach out in a message and we can chat more!

Investment Info:

Single-family residence buy & hold investment in Fayetteville.

Purchase price: $102,000
Cash invested: $30,000

This single family home short term rental conversion was by far the toughest yet. We thought we would be able to get by without having a trusted, boots on the ground business partner. After all was said and done, we were 25% over budget and a month past our project timeline. With that said, the house went up for rent and is performing beautifully as a short term rental property. We are at 75% capacity and cash flowing as predicted with a healthy profit after all expenses/reserves are considered

What made you interested in investing in this type of deal?

The return on investment with STR's is far superior to long term tenants.

How did you find this deal and how did you negotiate it?

Had been sitting on the MLS for a few months so we offered low and negotiated further after inspections.

How did you finance this deal?

15% down investment property loan.

How did you add value to the deal?

Kitchen, bathroom and cosmetic upgrades.

What was the outcome?

Cash flowing short term rental professionally managed.

Lessons learned? Challenges?

We learned many lessons here about long distance project management, trusting pictures as proof of work, and the importance of understanding all team members motivations. It is necessary to align motivations with a local partner. We need boots on the ground who care about the whole project and it's success.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Horton Stays Management

Investment Info:

Single-family residence buy & hold investment in Fayetteville.

Purchase price: $102,000
Cash invested: $30,000

This single family home short term rental conversion was by far the toughest yet. We thought we would be able to get by on our local connections without having a trusted, boots on the ground business partner. We learned many lessons here about long distance project management, trusting pictures as proof of work, and the importance of understanding all team members motivations.
After all was said and done, we were 25% over budget on the renovations and a full month past our projected timeline. With that said, the house went up for rent and is performing beautifully as a short term rental property. We are at 75% capacity and cash flowing as predicted with a healthy profit after all expenses and reserves are considered.

What made you interested in investing in this type of deal?

The return on investment with STR's is far superior to long term tenants.

How did you find this deal and how did you negotiate it?

Had been sitting on the MLS for a few months so we offered low and negotiated further after inspections.

How did you finance this deal?

15% down investment property loan.

How did you add value to the deal?

Kitchen, bathroom and cosmetic upgrades.

What was the outcome?

Cash flowing short term rental professionally managed.

Lessons learned? Challenges?

It is necessary to align motivations with a local partner. We need boots on the ground who care about the whole project and it's success.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Horton Stays Management

Can't make it tonight but would love to be in the loop for the next event!

@Gary Knight I have a kick *** property manager in the state that manages the day to day operations. The properties become passive once I hand them off.

Investment Info:

Single-family residence buy & hold investment in Fayetteville.

Purchase price: $110,000
Cash invested: $40,000

We bought this single family home with the intention of converting to a short term rental. After a lengthy rehab and design process the property is now booked almost solid for the first two months. We also added about $40k in value with renovations and repairs to the kitchen and both bathrooms. This was all done from out of state never setting foot inside the house.

What made you interested in investing in this type of deal?

Short term rentals are becoming increasingly in demand and we recognized this area to have a limited supply of quality short term rental properties.

How did you find this deal and how did you negotiate it?

MLS and negotiated using the home inspection and renovation estimates to get the price down. The property was already priced competitively when we found it.

How did you finance this deal?

15% down investment loan with cash reserves for the renovations and furnishings.

How did you add value to the deal?

Full home rehab renovating the kitchen, both bathrooms, closets, exterior and new paint.

What was the outcome?

A beautiful, cash flowing short term rental in the hands of a trusted local property management company.

Lessons learned? Challenges?

This was our first large rehab that we managed from out of state. We learned a lot about dealing with contractors and project managers without being able to visually inspect the work. Communication and clearly outlining expectations is key.

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