AirBnb Co-hosting/Property Management in Brooklyn, NY

[Maurice W. Evans]

Investment Info:

Large multi-family (5+ units) other investment.

Airbnb Co-hosting/property management of 4 units in an apartment building.

What made you interested in investing in this type of deal?

my wife and I are good at property management.

How did you find this deal and how did you negotiate it?

was an airbnb tenant in the building and approached the owner

How did you finance this deal?

none needed

How did you add value to the deal?

by being a full-service property manager (handling everything from listings, to cleaning, to guest services)

What was the outcome?

4 units under management

Lessons learned? Challenges?

Get a better understanding of if there are any challenges with existing tenants

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

not yet!