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Updated over 3 years ago on . Most recent reply
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Under contract for House hack with private suite for STR
Hello BP!
I am under contract for my first investment property, a house hack with a private main floor bedroom suite. I feel strongly that it's a desirable location (private wooded lot on a river, plenty of nearby attractions) and should be able to do well.
I'm planning on managing it myself but want to start off with good processes and methods. I am willing to do the turnover when necessary but want to use a cleaning crew as Plan A. This property is in the Lansing, MI area.
What are your best recommendations of what TO do, and NOT TO do? Book, blog, podcast, and software recommendations are greatly appreciated too.
Most Popular Reply
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@Chris Mury, thanks for your response!
I've heard of My Porter, but need to check them out...same with Stessa. I'm a tech guy at heart, so I'll be all over the smart gadgets to help streamline things.
Yes, once in have this running and I have possession, I'll be sure to post my deal. I'm not anticipating making a great return initially, but it's a starting point and will help reduce my personal housing expense and give me experience at the same time. I'm married with soon to be 5 kids, so I need the rest of the space, but when I'm ready to move on, itll provide a great space for larger groups too.
Thanks!