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Updated over 1 year ago on . Most recent reply
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starting a short term rental company
Hey You Guys,
I am seeking some guidance as I have recently established a Rental Arbitrage company. I have taken significant steps to ensure the credibility of my business, including crafting a comprehensive operations plan and presenting myself in a professional manner. Over the weekend, I have been actively touring various apartment complexes and reaching out to numerous potential partners via email.
However, I've encountered a setback; some of these apartment complexes have declined to work with me due to my lack of experience with prior Short-Term Rentals (STRs). I am now seeking advice on how to proceed and whether I might be approaching this venture incorrectly. Any insights or recommendations would be greatly appreciated. Thank you.
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Maybe open a PM company and hire people with experience.
Make sure you are licensed and ensured to manage other people's properties.