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Updated 5 months ago on . Most recent reply

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Mike Bator
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Why aren't real estate investors proactive?

Mike Bator
Posted

I'm genuinely curious – why aren't real estate investors proactive? For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:
1) rank the highest
2) occupancy 95%+
3) ADR $750+
4) hosts have 2+ properties
5) listings are branded with 20k+ Instagram followers
etc

Then, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

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V.G Jason
  • Investor
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V.G Jason
  • Investor
Replied
Quote from @Mike Bator:

I'm genuinely curious – why aren't real estate investors proactive? For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:
1) rank the highest
2) occupancy 95%+
3) ADR $750+
4) hosts have 2+ properties
5) listings are branded with 20k+ Instagram followers
etc

Then, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

 Pause.

This new era would rather buy into a guru, a program, an app, or anything in between or something similar to do this work for them. This isn't STR, this is any form of investing or daily work(non REI related). As bad as that sounds, the other side is you have people selling things like STRs are recession proof. So it goes both ways.

To say some have not done that would be wrong. I've done that in 2-3 of the spots I have STRs in, with that said it made me learn some different areas I needed to protect myself in once I got in contact with the operators. 

  • V.G Jason
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