6/12 - Landlording SubGroup - Short Term Rentals Panel - Bordentown, 6:30pm

[Tom Dagney]

SJREIA Landlording Subgroup, 6:30pm
Members are free - visitors pay $20
Location: Town & Country Diner - 177 US-130, Bordentown, NJ 08505
This Subgroup meets the 2nd Wednesday each month.

👉 CLICK THE RSVP LINK NOW - https://reia.app/8238O58I47

Short-Term Rentals Panel

The lucrative potential of short-term rentals in today's real estate market cannot be understated. The flexibility and consistent income flow they provide offer a robust and reliable return on investment. From offering a gateway to the fast-paced and constantly evolving tourism industry to capitalizing on high-demand events and seasons, the short-term rental market presents an unmatched opportunity for investors. Overall, the pros outweigh the cons, as buying short-term property is a good investment.

Our panel of experts will share their experiences, and strategies and will discuss why short-term rentals have been a successful investing strategy for them!

Meet your 3 panelists:

Tom Bucsku, Owner, Tom Buys Houses, a real estate wholesale company - Been a real estate investor for over 25 years. I've flipped over 300 houses, had as many as 100 rental units at a time, recently had 10+ STR listings

Cole Checkoff, President, Company: Host House LLC
Cole is 25 years old, resides in Margate, NJ, spends his free time exploring the outdoors, and is a devout lover of the Grateful Dead. Cole has been a lifelong entrepreneur. He started his first business (snow shoveling) at the age of 8, and at age 14 had to hire someone to drive his snowplow truck because he did not yet have a driver's licence. Cole graduated from Drexel University in 2022 with a degree in Entrepreneurship and Innovation. Founded by Cole in 2023, Host House is a Jersey Shore based, full-service short-term rental management company. Host House manages a portfolio of 20+ short term rentals in Margate, Ventnor, Atlantic City, and Ocean City.
Cole started Host House after seeking out STR investments at the Jersey shore. During the renovation of his first project, he thought "if I'm going to manage this property for myself, why don't I offer to manage them for other people too?". He then conducted a competitive analysis, and identified a need for a tailored "full service" solution, as most of his competitors were serving solely as co-hosts. He coupled rental management with property management and Host House was born. In 2023, Host House managed 10 properties and generated over $375,000 in rental revenue for its clients, hosting 350 guests at the shore. This year, Host House is on track to generate $850,000 in rental revenue for its clients, and now has over 20 properties under management.
Gone are the days of calling a realtor to rent at the shore. Cole is of the belief that, when people can shop for dresses and shoes online, why not their next vacation rental? He sees short term rentals as the way of the future, and that they are the best way for investors to maximize the income potential of their property.

Jennifer Nolan – In addition to owning a preschool Jennifer has five deals under her belt being a mix of fix and flips, long-term rentals, and short-term rentals. Recently discovering and purchasing her 2nd short term rental, that is now her passion and favorite asset class of real estate investing. Jennifer specializes in purchasing properties, rehabbing them and designing them into unique experience vacation rentals that are themed according to the area they are in. Interior design, managing construction projects, marketing, pricing strategy, finding cash flowing properties, running numbers and pro forma spreadsheets are her specialty. Jennifer self manages her properties.

Meeting info:
Location: Town & Country Diner - 177 US-130, Bordentown, NJ 08505
Please RSVP if you plan to attend so restaurant will have staff available for our group. Please plan to order something from the menu -- thanks!
Time: 6:30pm to 8:30pm
Cost: SJREIA Members attend free -- visitors pay $20

👉 CLICK THE RSVP LINK NOW - https://reia.app/8238O58I47

Moderator and Host, Rich Rickards is a licensed insurance agent of Esposito Insurance Group who specializes in commercial and residential properties. Esposito Insurance Group – South Jersey and Nutley NJ 609-451-0251 | www.espositoinsurance.com

Landlording Subgroup Leader, CENTRAL Meeting coordinator and SJREIA Business Affiliate Esposito Insurance. Call or text for a quick quote: 973-284-1083 | www.espositoinsurance.com