All Forum Posts by: Zeona McIntyre

Airdna pulls from actual data on Airbnb & VRBO so they should be accurate.

1. While you don't absolutely need the inventory, it definitely helps. One thing a friend of mine has done is create a direct booking website and get a few other local properties to list there. If he gets them a booking he takes a percentage. Its a way of faking the inventory, by having a network. 

If you manage to get a direct line oversaturation is less of an issue. These agents are quick to go to their direct lines before searching around on websites. Its still early days and you have a chance to break in. 

2. When I wrote 30 Day Stay I didn't know what I know now about corporate rentals. There is much more upside in the larger rentals but small ones can work - with different clients. 

3. I haven't tried this but I live right by one and really need to go check it out. 

4. Insurance is not the only one, there are universities, government agencies, construction companies, medical professionals, relocations. It goes on and on. You do have to put in the effort to build this but its possible. 

@Chris Orme Honestly, if the city is 3 month min, I would look elsewhere that is less restrictive. My ideal MTR is in a market that I can legally STR the gaps to reduce vacancy. I can help you choose another market based on your budget and goals, reach out.

@Adam M Sommer Self managing from afar is easier than you think and I would definitely recommend that. To get the biggest tax deductions you need to materially participate and self manages helps you hit that minimum amount of time involvement in the business. I am not a CPA but can connect you with mine who does strategic planning to make sure you are putting together the ideal portfolio to keep you from having to pay taxes. 

I can get you a investor friendly realtor and connect you with my nationwide lender. I'll reach out! 

Hey Jack, I would not rent a quirky, old house on Airbnb. I can already hear the laundry list of complaints. While this might work for a long term renter that is handy. I'd say sell it and use the equity two fold. Buy yourself a larger home, ideally with an adu or section you can rent to off set the cost and then also purchase a rental property that is turn key and easy to manage. I wouldn't start with something hard. 

I highly recommend just trying one at a time to test the waters. If its a success, convert the others. I personally prefer to do MTR in markets where I can legally STR as well, doing a Hybrid approach.

Totally agree Dominick, its an exciting time to get into MTR, still very much early days for this strategy and there is so much upside. Find a market that you love and get 5 properties as soon as you can, so you have inventory and can become the go to person in your market. Once you've built the relationships, they will continue to come back to you and you can build a direct booking business. 

I don't have experience with container homes, but I have a friend who is a private lender and he will take a look. If the projections look good, he will move forward. I'll reach out. 

@Daksh Raheja I would recommend going out of state. California is not an investor friendly market. Taxes, tenant laws, and high cost are just a few reasons its better out of state. Happy to point you in the right direction based on your budget, goals, etc. 

To compete in Joshua Tree you need to have a pool, murals, and a designer doing your furnishings. There are easier places to start in the STR game.