All Forum Posts by: Mylo Lor

Hi All, 

I'm new to real estate investing and could really use some guidance. 

My spouse and I are in the process of looking for our first rental property. We've been working with a real estate agent who's a friend. She's kind and has been showing us homes, but I'm starting to realize she may not have much experience when it comes to analyzing property investment. 

So far, we've been the ones finding the properties ourselves and then asking her to schedule showings. There hasn't been a time when she's sent us a curated list based on the criteria we gave her - things like budget, rental income, or STR zoning. It's made us wonder if we need someone more proactive and experienced with investment properties.

We're getting serious about buying and want to make sure we're making a smart financial decision. I feel torn - I don't want to hurt our friend's feelings, but I also know this is a big investment and I want someone with more expertise in evaluating cash flow, appreciation potential, neighborhood comps, etc. 

I've been using AIRDNA to get a sense of short-term rental performance, and the confidence score on the property is showing as "medium". I'm not sure how reliable that is - are there other platforms or tools the team can recommend to confirm the potential performance before we commit to purchasing?

A few questions I'd appreciate help with:

- What key things should I look at to know if a property is a good rental investment?

- Are there better tools than AirDnA, or should I just trust the confidence scores?

- Should I consider working with an agent who has more experience with investment properties, or try to stick with our current agent and get advice elsewhere?

- How can I handle this situation respectfully if we do decide to switch? 

Thanks in advance - this is our first investment and i really appreciate the insight from this community