Central Austin REI Meetup "Room For Rent = Positive Cashflow"

[Victor Steffen]

ROOM FOR RENT: LEASE FOR POSITIVE CASHFLOW

Thursday, January 7, 2021
6:30 PM - 8:30 PM
Towneplace Suites Austin South
901 Little Texas Lane Bldg G, Austin, TX 78745

The Central Austin Real Estate Meetup (CAREM) welcomes everyone to our New Presentation / Networking Monthly Schedule for 2021!
Bi-Weekly Meetings - We'll continue to meet at 6:30 PM the 1st & 3rd Thursday of the month.

DATE / TIME - Bi-Weekly Meeting Times 6:30 - 8:30 PM
Presentation Thursday will meet the 1st Thursday of each month.
Networking Thursday will meet the 3rd Thursday.

LOCATIONS -
Presentation Thursday will meet in the first floor Conference Room at the Towneplace Suites Austin South Hotel

How to find us: Conference Room, Lobby Floor, Main entrance to the left just past the dining area.

Networking Thursday will continue to meet at The Brewtorium Brewery & Kitchen the 3rd Thursday.

*RSVP Necessary for Presentation Thursday Meetings - The Conference Room Occupancy Limit requires us to confirm the first 15 who indicate they plan to attend. If someone does not RSVP, but shows up at the meeting, we can't guarantee there will be room for that person to attend. If anyone RSVPs, but does not show up by the time the meeting begins, we'll allow those present to fill the room, up to the Occupancy Limit.

PRESENTATION -
This month, Mike & Victor will present the Room For Rent leasing model. Mike has operated a Guest House in South Austin, renting rooms since 2015. Victor launched his room rental model in North Austin, last February. Both operate their models using Single Family Residences.

Some of the topics we'll cover in our presentation include >
- Househacking and RBTR (Rent By The Room) differences when a property is Owner Occupied vs Non-Owner Occupied (NOO)
- RBTR House Operations, Furnishings & Floorplans
- Lead Generation: Finding Roommates / Housemates & Compatibility Issues
- Screening: Choosing Tenants or Guests for smooth Operation
- To Sign a Lease (Or Not to Sign a Lease)
- Property & Asset Management
- The Numbers, Rent Comps & Operating Expenses
- Issues that Co-Shared Housing Face
- Why Leasing by the Room works better in Expensive Rental Markets compared to the Traditional SFR Lease Model

The presentation meeting format remains the same, as in past years. Brief, self-introductions to the group, the presentation usually accompanied with slides, followed by Q&A and time to network at the close of the meeting.

The Towneplace Suites has overflow into the indoor and outdoor dining areas for conversation and networking, following the meeting. Be sure to bring your business cards. Our meetings do not permit solicitation, sales nor deal pitches to the group. Since our founding, The Central Austin Real Estate Meetup focus is Education & Networking. Business opportunities often result from networking. We encourage those in attendance to build relationships for business success. The Golden Rule Principle.

We look forward to seeing you at one of the upcoming 2021 meetings this month (Jan 7 & 21). Ample parking is available and plenty of room to comfortably distance, as we gather. If you do plan to attend this Thursday's meeting, please RSVP via the Meetup.com announcement due to the Occupancy Limit.

Victor Steffen & Mike WalkerCo-Organizers

[Dakota Mivshek]

Victor - Looking forward to hearing from you all this Thursday. Will Genrich forwarded this my way. I'm leading up the launch of the Austin market for Bungalow - essentially the only property manager that specializes in exactly this model across 12+ major metros.